Canada promises to ramp up defense spending, met NATO target much earlier
TORONTO, June 9 (Reuters) - Canada's Liberal government will pour extra billions into its armed forces and hit NATO's 2% military spending target this fiscal year, much earlier than scheduled, Prime Minister Mark Carney said on Monday.
Canada has been under heavy pressure from the United States and other NATO allies for years to increase funding for its military. Canada currently spends about 1.4% of GDP on defense.
"Now is the time to act with urgency, force, and determination," Carney said in a speech in Toronto. The previous Liberal governent had promised to hit the NATO target by 2032.
Canada will boost pay for the armed forces and buy new submarines, aircraft, ships, armed vehicles and artillery, as well as new radar, drones and sensors to monitor the sea floor and the Arctic, Carney said.
((Reuters Ottawa editorial; david.ljunggren@tr.com))
Keywords: CANADA POLITICS/DEFENSE
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Bolsonaro denies orchestrating Brazil coup in Supreme Court testimony
BRASILIA (Reuters) -Former Brazilian President Jair Bolsonaro denied that he led an attempt to overthrow the government after losing the 2022 election during his trial before the country's Supreme Court on Tuesday, but acknowledged taking part in meetings aimed at reversing the outcome. Bolsonaro said he and senior aides discussed alternatives to accepting the electoral results, including the possibility of deploying military forces and suspending some civil liberties, but he said those proposals were soon dropped. "The feeling was that there was nothing else we could do. We had to swallow the election results," the ex-president said. "I never acted against the Constitution," Bolsonaro added, holding a copy of the country's 1988 charter that re-established democracy after two decades of military rule. In March, the Supreme Court agreed to hear the case against Bolsonaro and seven other people, including several military officers, who were charged with plotting a coup to stop Luiz Inacio Lula da Silva from taking office in January 2023. The charges stem from a two-year police investigation into the election-denying movement that culminated in riots by Bolsonaro supporters in the capital in early 2023, a week after Lula took office. Bolsonaro, who was the sixth defendant to testify in the case, spent several minutes of his two hours of testimony defending his administration's achievements and his criticism of the country's electoral system. Dozens of witnesses were previously heard by the court, an indication that the case is moving swiftly and could be concluded by the end of the year, avoiding overlap with campaigning for the 2026 presidential election. Bolsonaro has insisted he will run in that campaign, despite an electoral court decision barring him from seeking public office until 2030. On Monday, Bolsonaro attended the trial to watch testimony from Mauro Cid, his former aide turned whistleblower, and then shook his hand. Cid told the court that the former president reviewed a draft decree that was central to the coup plot and made changes, while keeping a section that ordered the arrest of Supreme Court Justice Alexandre de Moraes, who is now overseeing the case against Bolsonaro and his allies. On Tuesday, the former president said he only briefly saw the draft decree and never edited it. He also apologized for making unfounded corruption allegations about Supreme Court justices. "Forgive me," he told Moraes. A final ruling on Bolsonaro's case is expected by October.
Yahoo
27 minutes ago
- Yahoo
Starbucks accelerates new staffing model to all North American stores
By Waylon Cunningham (Reuters) -Starbucks CEO Brian Niccol told Reuters on Tuesday that he would accelerate the rollout of the coffeehouse chain's new staffing and service model, aiming for all 18,000 North American stores by summer's end, rather than the initial plan for just a third of U.S. stores by year-end. Niccol says the model is a foundational element of his turnaround strategy for the company, as he bets on an improved in-store customer experience to reclaim the sales growth that has eluded Starbucks in recent quarters. Niccol said early tests of the model have sped up service times and grown sales, without providing specifics. 'We've learned, and now we know what we need to do, so let's scale it,' he told Reuters at the company's three-day leadership summit in Las Vegas on Tuesday. The Green Apron model includes in-store technology to more efficiently sequence orders, as well as a dedicated barista for drive-through orders. Starbucks rolled out the service changes to 700 stores initially. During the company's April 29 quarterly earnings call, Niccol said it would be introduced in a third of U.S. stores by year-end. Niccol took over as Starbucks CEO in September with a plan to return the chain to its coffeehouse roots, focusing on the in-store experience and away from a reliance on mobile and to-go orders, in what the company calls "Back to Starbucks.' The goal is to get baristas to get customers their orders in four minutes or less. He did not share any financial figures about the cost of the Green Apron model's deployment, but said the company would host an investor day in 2026. The Las Vegas summit, the company's first since 2019, is hosting more than 14,000 managers and other company leaders. Analysts and investors have wondered how long Niccol will need to turn the company around. Shares have gained 11% over the last five years, compared with an 88% rise in the broad-market S&P 500. TD Cowen recently downgraded its rating of Starbucks to "hold" from "buy", saying in part that it believed Niccol's turnaround would take longer than expected to deliver results. Niccol said the transition will take time. Starbucks has not issued annual guidance, and Niccol told investors in an earnings call earlier this year that earnings-per-share 'shouldn't be used as a measure of our success' at this stage, instead pointing to in-store metrics like average wait times for orders. He said the transition's effect on earnings would be temporary. On Tuesday, he emphasized his goal isn't to achieve short-term performance solely through cost reduction. As Starbucks increases investments in its labor and elsewhere, Niccol said he would be "ruthless" in cutting expenses not related to the company's turnaround. 'We have to be critical of where we're spending if it's not driving toward the Back to Starbucks strategy and growth programs.'
Yahoo
38 minutes ago
- Yahoo
JERA close to signing deal for 1 MTPA of LNG from Commonwealth, sources say
By Curtis Williams HOUSTON (Reuters) -U.S. liquefied natural gas developer Commonwealth LNG is close to signing a deal with Japan's biggest power generator, JERA, to supply it with 1 million metric tons per annum (mtpa) of LNG from its proposed export facility in Louisiana, two sources told Reuters. The deal would run for 20 years and bring Commonwealth LNG to 8 mtpa committed under long-term contracts. The company has said publicly that it wants to get contracts for at least 8 mtpa of its 9.5 mtpa LNG export terminal capacity to give the project the financial go ahead. The U.S. is the largest exporter of LNG in the world and based on projects under construction and those expected to get the financial go ahead this year, the country could triple its export capacity by 2030. "They have agreed to terms on the deal and should be signing it soon," one of the sources familiar with the negotiations told Reuters. Commonwealth LNG did not respond to a request for comment. JERA declined to comment. Commonwealth was one of the projects impacted by a pause on new LNG export licenses imposed by former President Joe Biden pending a study on the economic and environmental impact of further U.S. LNG expansion. That freeze was lifted by the Trump administration, which has promised to unleash American energy. In February Commonwealth received a conditional non-free trade agreement (non-FTA) export authorization from the Department of Energy. Commonwealth said it expects to reach a final investment decision in September 2025 for the project, with first LNG production expected in the first quarter of 2029. In May JERA announced that it had signed an agreement with NextDecade to purchase 2 mtpa of LNG from its Rio Grande project's fifth liquefaction facility.
