Canada to Hit NATO's 2% GDP Target by March: Carney Announces Military Pay Raise

Canada to Meet NATO's 2% GDP Target by March 2026: Carney Announces Pay Raise for Military OTTAWA, ON - In a significant announcement, Prime Minister Mark Carney revealed that Canada is on track to meet NATO's two percent GDP spending target by March 2026. This commitment, a key promise made during the last election campaign, will see a substantial increase in defense spending. The announcement also includes a long-awaited pay raise for members of the Canadian Armed Forces. "Canada will achieve NATO's two percent of GDP target this year," Prime Minister Carney stated in a recent video address. "We will further accelerate our investments in years to come, consistent with meeting these new security imperatives." This move is expected to have significant implications for Canada's military capabilities and its role within NATO. The pay raise for military personnel, a detail also highlighted by Carney, addresses concerns about compensation and aims to attract and retain skilled personnel within the forces. The Prime Minister's announcement signals a renewed focus on national defense and security, aligning Canada's spending with its allies' commitments.