Canadian Prime Minister Mark Carney announced that Canada will meet NATO’s defence spending target of 2 percent of GDP in the 2025–26 fiscal year, five years ahead of schedule. The defence budget will exceed 9bn Canadian dollars (US$6.6bn), up from 1.45 percent of GDP last year, according to NATO’s report.

The increased spending includes higher pay for the Canadian Armed Forces, new aircraft, armed vehicles, ammunition, and greater defense industrial capacity. The Canadian Coast Guard will also be enhanced and incorporated into NATO's defensive capabilities, according to BBC.

Carney stated that these steps are essential for maintaining Canada's sovereignty and committed to increase future defence investments.