JOURNAL ARTICLE

Canada's 2030 Defense Spending Plan Falls Short of NATO Target.

  • Published In: Bloomberg.com, 2024. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Platt, Brian 3 of 3

Abstract

Canada has unveiled a new defense strategy that focuses on strengthening its military capabilities in the Arctic region. However, by the end of the decade, Canada's defense spending will still fall short of the 2% target set by NATO. The strategy includes an additional C$8.1 billion ($6 billion) over the next five years, allowing Canada to spend 1.76% of its gross domestic product on defense by 2030. The plan also emphasizes Canada's commitment to defending North America from aerospace threats and mentions the challenges posed by autocracies like Russia and China. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2024/04, pN.PAG
  • Document Type:Article
  • Subject Area:History
  • Publication Date:2024
  • Accession Number:176505203
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