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Canada boosts defence spending of GDP with $9 billion investment in 2025-26

Prime Minister Mark Carney

Prime Minister Mark Carney

Canada is ramping up its defence investments, committing over $9 billion ($8.3 billion on an accrual basis) for 2025-26, raising defence spending to 2% of GDP.

The recent announcement by Prime Minister Mark Carney and Minister of National Defence David McGuinty builds on the Our North, Strong and Free (ONSAF) policy to enhance Canada’s sovereignty, security, prosperity and drive economic growth.

Key investments include:

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