Political Risk

Canada to increase military spending 70 percent in 10 years

“Canada’s defense chief announced Wednesday that the country plans to sharply increase its military budget following pressure from the Trump administration to bolster spending. Defence Minister Harjit Sajjan said military spending will grow 70 percent to reach CAN$32.7 billion (U.S. $24.3 billion) in a decade. That means Canada would spend about 1.4 percent of gross domestic product on defense by 2026-2027, up from about 1.2 percent now.”

Source: Canada to increase military spending 70 percent in 10 years

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