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Canada’s Prime Minister Justin Trudeau and Manitoba Premier Wab Kinew shake hands as they meet at the Manitoba Legislative Building in Winnipeg, Manitoba, Canada February 15, 2024.
REUTERS/Shannon VanRaes
July 18, 2024
During a NATO summit in Washington last week, under pressure from US politicians , Trudeau announced that Canada will hit the NATO target of 2% of GDP by 2032, and buy a new fleet of submarines, but he has not laid out a plan for doing so. Back in Canada after the summit, Defense Minister Bill Blair said it would amount to about CA$60 billion a year in spending, which economists would require significant cuts or spending increases.
Traditionally, defense spending has not been a vote winner in Canada, but if opinion leaders are increasingly seeing it as linked to the vital trade relationship, that may be changing.
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