Five things to know about Canada’s plan to meet the NATO defence spending target

By Sarah Ritchie Prime Minister Mark Carney is promising that Canada will quickly boost its defence spending to hit the NATO member target of two per cent of national GDP this year. Canada has long promised to meet the target but has never had a detailed plan to get there. The announcement comes as NATO allies prepare for talks on raising the spending target to five per cent at the annual summit this month. Here’s what you need to know about the announcement. What is the NATO spending target? All NATO allies, Canada included, committed to spending the equivalent of two per cent of their GDP on defence in 2006. In 2014, NATO leaders agreed formally that countries that were not meeting the target must move toward it within a…

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