Ottawa: Canadian Prime Minister Mark Carney announced an investment of over $9 billion to support the Canadian Armed Forces with the capabilities and support they need to protect Canadians and uphold commitments around the world.
According to Emirates News Agency, this investment is part of strategic efforts to meet NATO's 2% defence spending target this year and aims to allocate 5% of the annual GDP to defence by 2035. The announcement also includes a significant pay raise for all Canadian Armed Forces members, marking the largest pay increase for the military in a generation.
Speaking from a military base, Carney outlined plans that include modernising military equipment, enhancing Canada's defence industry, diversifying international partnerships, and investing in dual-use infrastructure. This infrastructure development encompasses airports, ports, telecom, and emergency systems that serve both defence and civilian purposes, reflecting a comprehensive approach to national readiness.