Canada moves to 2% GDP end of FY25/26 - PMMC

[Maxman1]

I'll believe it when I see it.

 

[MilEME09]

Something coming tomorrow

Monday, June 9, 2025

Toronto, OntarioNote: All times local10:00 a.m. The Prime Minister will make an announcement on defence and security priorities.Note for media:Open coverage12:00 p.m. The Prime Minister will tour a military facility.Note for media:Pooled photo opportunity

www.pm.gc.ca

 

[suffolkowner]

Something coming tomorrow

Monday, June 9, 2025

Toronto, OntarioNote: All times local10:00 a.m. The Prime Minister will make an announcement on defence and security priorities.Note for media:Open coverage12:00 p.m. The Prime Minister will tour a military facility.Note for media:Pooled photo opportunity

www.pm.gc.ca

even more Carl Gustafs?

 

[PrairieFella]

even more Carl Gustafs?

What's the over/under on us getting 2% finally.

 

[Czech_pivo]

What's the over/under on us getting 2% finally.

Using whose math, ours or NATO’s?

 

[Czech_pivo]

Using whose math, ours or NATO’s?

What's the over/under on us getting 2% finally.

I’m going to say that we are replacing all the tents, sleeping bags and night vision equipment that we have the Ukkies 2yrs ago.

 

[suffolkowner]

all this talk of 5% and 3.5% plus 1.5% has got to be causing some consternation in Ottawa

I expect to be underwhelmed

 

[PrairieFella]

all this talk of 5% and 3.5% plus 1.5% has got to be causing some consternation in Ottawa

I expect to be underwhelmed

I will be completely whelmed if we hit 2% and overwhelmed of we hit 2.5%. 5% is honestly fucking insane for advanced democracies who have to pay for healthcare systems and the like. Thr only way I see it happening is if they open up the formula to allow for more creative accounting. A NATO at 2.75% defence spending dominates anyone else globally and then some.

 

[suffolkowner]

I will be completely whelmed if we hit 2% and overwhelmed of we hit 2.5%. 5% is honestly fucking insane for advanced democracies who have to pay for healthcare systems and the like. Thr only way I see it happening is if they open up the formula to allow for more creative accounting. A NATO at 2.75% defence spending dominates anyone else globally and then some.

well 1.5% is for associated spending so 3.5%. But insane in peacetime with no clear threat to direct it against. China? Doesnt seem to relevant to NATO

 

[dapaterson]

Five percent is three points five percent military plus one point five percent military adjacent. In the latter, things like CCG and northern roads would be considered as part of it.

 

[PrairieFella]

Five percent is three points five percent military plus one point five percent military adjacent. In the latter, things like CCG and northern roads would be considered as part of it.

Regardless, 3.5% is also nutty, just less so than 5%. We aren't maintaining nuclear programs or massive carrier fleets here, and have more domestic responsibilities than the Americans do. Hell, they can't even afford 3.5% and are keeping it afloat by printing the global reserve currency, a luxury we don't have.

 

[Czech_pivo]

Regardless, 3.5% is also nutty, just less so than 5%. We aren't maintaining nuclear programs or massive carrier fleets here, and have more domestic responsibilities than the Americans do. Hell, they can't even afford 3.5% and are keeping it afloat by printing the global reserve currency, a luxury we don't have.

I think we can do 2.5% and being a G7 nation, with 3 oceans and the world longest coastline means we should be.

 

[Kirkhill]

I will be completely whelmed if we hit 2% and overwhelmed of we hit 2.5%. 5% is honestly fucking insane for advanced democracies who have to pay for healthcare systems and the like. Thr only way I see it happening is if they open up the formula to allow for more creative accounting. A NATO at 2.75% defence spending dominates anyone else globally and then some.

Misery loves company.

If everybody is doing it then nobody* is disadvantaged.

Examples

2008 Qualitative Easing
2020 Economy Shutdown
2025 Everybody borrows 5% from the same bank.

New defence bank launched to attract capital and fix ‘disastrous’ European procurement

DSR Bank founder says the multilateral bank will issue bonds and credit guarantees

www.thebanker.com

How a multibillion dollar defence bank could help Canada increase its military spending

How Canada Wins: 'We have to use our capital markets of allied nations for overwhelming force against our foes,' says defence bank president

nationalpost.com

Anybody know any ex-bankers with experience in multi-national funding?

....

*except for the poor buggers living day to day.

 

[PrairieFella]

I think we can do 2.5% and being a G7 nation, with 3 oceans and the world longest coastline means we should be.

I agree. 2.5 is a good goal.

 

[Kirkhill]

Related to events?

Starmer to visit Canada amid Trump threats

Prime Minister to meet with Mark Carney, his Canadian counterpart, to discuss security and economic co-operation

www.telegraph.co.uk

Starrmer coming for a visit.

Similar problems. Short of cash, long on aspirations and shares Carney's view on what is moral and allowable.

 

[Blackadder1916]

Related to events?

Starmer to visit Canada amid Trump threats

Prime Minister to meet with Mark Carney, his Canadian counterpart, to discuss security and economic co-operation

www.telegraph.co.uk

Starrmer coming for a visit.

Similar problems. Short of cash, long on aspirations and shares Carney's view on what is moral and allowable.

The Prime Minister will meet Mark Carney, his Canadian counterpart, on June 14 for discussions concerning security and economic co-operation, according to The Times.

G7 15 - 17 June.

He's getting an early flight. There's always one or two who show up early to have a day before meeting with the host leader. Sometimes there's a legitimate reason, sometimes it just plays well with the hometown crowd to have that additional publicity bump. Especially if you're not doing too well in the polls back home.

 

[Czech_pivo]

Related to events?

Starmer to visit Canada amid Trump threats

Prime Minister to meet with Mark Carney, his Canadian counterpart, to discuss security and economic co-operation

www.telegraph.co.uk

Starrmer coming for a visit.

Similar problems. Short of cash, long on aspirations and shares Carney's view on what is moral and allowable.

And we have the same King that Trump covets.

 

[Czech_pivo]

News outlets are saying that Carney’s today in Toronto at 10am is to announce that Canada will meet 2% NATO threshold this fiscal year……
I find it interesting that he’s doing it Toronto. I’d think that if we were announcing the sub purchase he’d be in Halifax or the west coast. If it was for French or Swedish fighters he’d be in Montreal or Winnipeg. Gotta wonder why do it in Toronto.

 

[brihard]

News outlets are saying that Carney’s today in Toronto at 10am is to announce that Canada will meet 2% NATO threshold this fiscal year……
I find it interesting that he’s doing it Toronto. I’d think that if we were announcing the sub purchase he’d be in Halifax or the west coast. If it was for French or Swedish fighters he’d be in Montreal or Winnipeg. Gotta wonder why do it in Toronto.

Globe and Mail is reporting this now.

https://archive.is/xvW6A

 

[FSTO]

News outlets are saying that Carney’s today in Toronto at 10am is to announce that Canada will meet 2% NATO threshold this fiscal year……
I find it interesting that he’s doing it Toronto. I’d think that if we were announcing the sub purchase he’d be in Halifax or the west coast. If it was for French or Swedish fighters he’d be in Montreal or Winnipeg. Gotta wonder why do it in Toronto.

Toronto is our financial capital.