Canada Committed to Increasing Military Spending to 2% of GDP by Early 2026

governance · September 2025 · Canada (national)

At the recent NATO Summit, Prime Minister Mark Carney committed Canada to increasing military spending to meet NATO's 2% of GDP target by early 2026, up from 1.45% in 2024. The plan includes spending between $150 to $200 billion annually by the early 2030s, with significant investments in weapons systems and military infrastructure.

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Sources

• “At the recent NATO Summit, Prime Minister Mark Carney committed Canada to spending somewhere between $150 to $200 billion annually by sometime in the early 2030s, some 5% of Canada’s Gross Domestic Product (GDP). Carney aims for Canada to meet NATO’s 2% of GDP military spending target by early 2026, from the current $41 billion annually (1.45% of GDP in 2024).” — The Islands Grapevine – September 18th, 2025 (September 18th, 2025)

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