Increasing Defense Spending in Canada Would Hit Its Economy – Reports

NAMPA / Sputnik

2026-02-25

MOSCOW, February 25 (RIA Novosti) - Increasing defense spending to 5% of GDP required by NATO countries would hit Canada's economy, contrary to local authorities' claims about the benefits of such measures, the Financial Times newspaper reported on Wednesday, citing a parliamentary report. Reaching the NATO target of 5% requires 159 billion Canadian dollars (over $116 billion) in spending by 2035 that would be a "huge strain" on the country’s eco......

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