Canada's defence investment plans put it on track to meet NATO guideline, minister says

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 56 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 99%

Canada Canada Headlines News

Canada Canada Latest News,Canada Canada Headlines

Canada looks on track to meet NATO’s military spending guideline by the end of the decade, Defense Minister Bill Blair said Friday, notably by boosting investment in the Arctic near its shared border with Russia as the region warms quickly because of climate change.

A CP-140M Aurora reconnaissance aircraft prepare to leave CFB Greenwood in Nova Scotia's Annapolis Valley on Friday, October 24, 2014. THE CANADIAN PRESS/Andrew Vaughan

Blair said that he expects Canada's defence spending to climb to at least 1.75 per cent of GDP by 2029, but that other investment, notably replacing the country's aging submarine fleet or purchasing integrated air defence and missile systems, would probably push the figure past the 2 per cent mark.“I believe it brings us inevitably to over 2 per cent of defence spending.

New data from Equifax Canada indicates that missed mortgage payments in Ontario are higher than ever before, with an economist warning the numbers seen in the province are 'notably above those observed' pre-pandemic.A cup of coffee is keeping a small business in Toronto alive – but it could also be a death sentence.

Car break-ins plague Canadians across the country, but instead of worrying about theft, a northern Ontario woman is cleaning up a big mess that she says will not be covered by insurance after a black bear broke into her Honda Civic and took a nap.Members of a Hutterite colony in southern Alberta have potentially built the world's tallest structure made of Popsicle sticks.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines