Today, the Prime Minister, Mark Carney, announced that Canada and its North Atlantic Treaty Organization (NATO) Allies have agreed to a new Defence Investment Pledge of investing 5 per cent of annual GDP by 2035 to ensure our individual and collective security. The commitment aligns with Canada’s own strategic defence and security goals.

Canada and its NATO allies agreed at the annual leaders summit to substantially hike the alliance defence spending target from two per cent of GDP now, to five per cent of annual GDP by 2035. Prime Minister Mark Carney says the new pledge will be reviewed in 2029.