NATO leaders — including Canada — have approved a plan to dramatically increase defence spending across the Western alliance to five per cent of gross domestic product over the next decade, a decision that has given U.

THE HAGUE - Canada and its NATO allies agreed Wednesday to substantially hike their defence spending target to five per cent of annual GDP by 2035.

Canada plans to increase military spending significantly. The goal is to reach 5 percent of GDP by 2035. This decision was announced at a NATO summit in The Hague. Prime Minister Mark Carney highlighted the need to protect Canadian sovereignty.