Subtitle:
Canada’s finance minister pushes for urgent military upgrade amid global instability and NATO pressure
News Report:
Finance Minister Mark Carney is pushing for an extra $9 billion to be allocated toward Canada’s defence sector by April, marking one of the country’s most significant military investments in recent years. The proposed funding boost comes amid heightened global tensions and increased calls from NATO for member nations to meet the alliance’s spending benchmark.
Carney outlined the proposal during a closed-door meeting with senior cabinet members and military officials, describing it as a necessary step to modernize Canada’s armed forces, reinforce Arctic security, and fulfill international commitments.
“Canada cannot afford to lag behind,” Carney is said to have told colleagues. “This is not just about equipment — it’s about readiness, deterrence, and our role on the global stage.”
The funding is expected to be directed toward a mix of initiatives, including new procurement contracts for naval and air defence systems, cyber security infrastructure, and enhanced support for troops stationed in high-risk areas. A significant portion may also go toward accelerating Canada’s commitments under NORAD modernization and NATO deployments in Eastern Europe.
This proposed increase would represent a major shift for Ottawa, which has long faced criticism for underinvestment in defence. Canada currently spends just under 1.4% of its GDP on defence — below NATO’s 2% target — a point of contention with allies, particularly the United States.
Carney’s plan is also being viewed politically, as it signals a stronger national security posture ahead of upcoming federal debates on budget priorities. Opposition parties are expected to scrutinize the details, especially in light of fiscal constraints and growing domestic demands for healthcare and housing funding.
Still, early signs indicate that the proposal could find bipartisan support, especially as geopolitical pressures mount in Europe and the Indo-Pacific.
If approved, the $9 billion injection would take effect before the end of the fiscal year, sending a strong signal of Canada’s renewed military commitment both at home and abroad.