Will Canada Hit NATO's 5% Defence Spending Target?
Description
This week, Canada sat with its allies at the Hague and agreed to triple its defence funding over the next 10 years.
Former Defence Minister Peter MacKay joined us to discuss the outcomes of the 76th NATO Summit in The Hague, which saw commitment from all 32 NATO members to increase defence spending, the geopolitical drivers behind this shift, concerns over Canada’s deteriorating military capabilities and systemic challenges in defence procurement, as well as the need for economic growth to sustainably fund defence increases.
It is yet to be seen the exact strategy Canada will take to meet the 5% and whether Canada will suffer the same obstacles it faced during the 2% era. It is also largely speculative how allies will respond to this new funding increase and whether the tumultuous inconsistent approach from the Americans will threaten NATO's unity towards major transatlantic security issues.
The CDA Institute is a non-partisan think tank that conducts research and education programming on defence and security.
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