On June 9, 2025, Prime Minister Mark Carney announced that Canada will achieve NATO's defense spending target of 2% of GDP, five years earlier than planned. During his speech at the University of Toronto, Carney criticized US President Donald Trump's trade tariffs and emphasized the need for Canada to lessen its reliance on the US for security. He stressed the urgency of bolstering military capabilities, noting the deterioration of equipment, and outlined plans for significant investments in military infrastructure to enhance preparedness in an increasingly competitive global environment.
"I am announcing today that Canada will achieve NATO's 2% target this year half a decade ahead of schedule," Carney said during a speech at the University of Toronto.
"Now is the time to act with urgency, force, and determination," Carney emphasized, highlighting the critical need for enhanced military preparedness.
"Our military infrastructure and equipment have aged, hindering our military preparedness," he added. "Only one of our four submarines is seaworthy."
"In a darker, more competitive world, Canadian leadership will be defined not just by the strength of our values, but also by the value of our strength," Carney stated.
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