Carney pledges fund supporting clean energy, critical mineral projects
Liberal Leader Mark Carney, speaking from Calgary on Day 18 of the election campaign, says the proposed First and Last Mile Fund 'will connect critical mineral extraction projects to our supply chains to get them to market.'
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EDITORIAL: Meeting NATO's 2% target the right move
Canadian Prime Minister Mark Carney walks as he greets Canadian troops of the 4th Canadian Division as he attends a tour of the Fort York Armoury in Toronto on June 9, 2025 in Toronto. Carney has pledged to meet NATO's 2% spending pledge this year. Photo by Cole Burston / GETTY IMAGES Provided it is done competently, we agree with Prime Minister Mark Carney's announcement Monday that Canada, at long last, will meet its NATO commitment to increase military spending to 2% of gross domestic product (GDP) in this fiscal year. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account That's five years ahead of Carney's previous promise to meet the 2% target by 2030. We're so far behind — Canada currently spends 1.4% of GDP on defence annually — that NATO is already considering a new target for member nations to spend 5% of GDP on defence. Canada's failure to meet the 2% target, set by NATO in 2006, has been a long-standing national embarrassment. It has eaten away at our credibility and our effectiveness on issues of global security and international conflicts. It has justifiably upset many of our NATO allies for not pulling our own weight and, most recently, angered U.S. President Donald Trump who, on this issue, has a valid point. At the end of the Second World War, Canada had the world's fourth-largest navy after the U.S., U.K and former Soviet Union. This advertisement has not loaded yet, but your article continues below. At the end of the Korean War, Canada was spending 7% of GDP on defence. Today, we have members of our military relying on food donations to make ends meet while being sent into armed conflicts — where they continue to serve honourably — with aging and obsolete equipment. This is a national disgrace. Canada's submarines, ships, aircraft, military vehicles and artillery are all in desperate need of upgrading, as is our military presence in the Arctic, given the growing interest in its mineral resources by hostile countries such as Russia and China. No country can claim to be a sovereign nation unless it has the ability to monitor and, where necessary, counter incursions into its territory. Our concern is with Carney's pledge to 'ensure that every dollar is invested wisely, including by prioritizing made-in-Canada manufacturing and supply chains.' Read More That's not because of the intent — we agree with it — but because there are so many examples of military spending that have turned into fiascoes and boondoggles by previous governments. We're also concerned that Carney is making this major announcement on defence spending in advance of this year's federal budget and how the increased spending on defence will impact the government's overall finances. RECOMMENDED VIDEO Olympics Columnists Celebrity Olympics Canada
