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Ottawa To Ramp-Up Defence Spending Amid U.S. Threats
(MENAFN- Baystreet)
Regardless of which political party wins the April 28 election, the federal government in Ottawa is expected to ramp-up its defence spending in the face of increasing threats by America.
U.S. President Donald Trump has threatened to annex Canada and make it the 51st state. Federal officials are taking the threat seriously and responding with increased military spending.
Canada is also contending with melting Arctic ice that's drawing interest in the far north from Russia and China.
As a member of the North Atlantic Treaty Organization (NATO), Canada has commitment to spend 2% of its gross domestic product (GDP) on defense.
However, in 2024, Canada spent only 1.37% of its GDP on defence, one of nine laggard countries in the 32-member military alliance.
Canada has previously promised to hit the 2% defence target by 2032. But now, Canadian
Defence Minister Bill Blair says Canada is likely to hit the 2% goal by 2027.
This would involved Canada spending an additional $10 billion to $13 billion per year on its defence.
Those billions of additional dollars could go towards new fighter jets and frigates, as well as upgrading the country's missile defense, tanks, artillery and drones.
Canada also needs to hire more soldiers. Current estimates say the country is short nearly 7,000 troops from its full“authorized force” of 71,500 soldiers.
Ottawa is also expected to spend more on airbases, buildings, ports and military housing.
Canada has also pledged to acquire a global military satellite communications system.
Much of Canada's plans will depend on U.S. contractors.
Ottawa has inked $19 billion deal to acquire 88 F-35 fighter jets from Lockheed Martin (LMT) and signed a $10.4 billion deal for P-8A Poseidon aircraft from the Boeing Co (BA).
Canada also acquires its armored vehicles from U.S.-based General Dynamics (GD).
New Canadian Prime Minister Mark Carney recently discussed closer military ties with is European counterparts on a trip to the continent.
This has led to speculation that Canada may source more of its defence equipment from European contractors, such as the Saab (SAAB-B) Gripen fighter jet from Sweden.
Carney, whose ruling Liberal Party is hoping to retain power, has called a federal election sending Canadians to the polls on April 28.
Regardless of which political party wins the April 28 election, the federal government in Ottawa is expected to ramp-up its defence spending in the face of increasing threats by America.
U.S. President Donald Trump has threatened to annex Canada and make it the 51st state. Federal officials are taking the threat seriously and responding with increased military spending.
Canada is also contending with melting Arctic ice that's drawing interest in the far north from Russia and China.
As a member of the North Atlantic Treaty Organization (NATO), Canada has commitment to spend 2% of its gross domestic product (GDP) on defense.
However, in 2024, Canada spent only 1.37% of its GDP on defence, one of nine laggard countries in the 32-member military alliance.
Canada has previously promised to hit the 2% defence target by 2032. But now, Canadian
Defence Minister Bill Blair says Canada is likely to hit the 2% goal by 2027.
This would involved Canada spending an additional $10 billion to $13 billion per year on its defence.
Those billions of additional dollars could go towards new fighter jets and frigates, as well as upgrading the country's missile defense, tanks, artillery and drones.
Canada also needs to hire more soldiers. Current estimates say the country is short nearly 7,000 troops from its full“authorized force” of 71,500 soldiers.
Ottawa is also expected to spend more on airbases, buildings, ports and military housing.
Canada has also pledged to acquire a global military satellite communications system.
Much of Canada's plans will depend on U.S. contractors.
Ottawa has inked $19 billion deal to acquire 88 F-35 fighter jets from Lockheed Martin (LMT) and signed a $10.4 billion deal for P-8A Poseidon aircraft from the Boeing Co (BA).
Canada also acquires its armored vehicles from U.S.-based General Dynamics (GD).
New Canadian Prime Minister Mark Carney recently discussed closer military ties with is European counterparts on a trip to the continent.
This has led to speculation that Canada may source more of its defence equipment from European contractors, such as the Saab (SAAB-B) Gripen fighter jet from Sweden.
Carney, whose ruling Liberal Party is hoping to retain power, has called a federal election sending Canadians to the polls on April 28.
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