Canadian Prime Minister Carney said that defense spending this year will be raised to 2% of GDP to meet NATO's goal. This expenditure will be used to build new submarines, aircraft, ships, armed vehicles and artillery, as well as new radar systems. The increase in spending is five years ahead of schedule, and Carney said investment will continue to increase in the next few years. Last week, a series of signs indicated that Canada and the US were about to reach a trade deal. The ambassadors of the US and Canada confirmed the secret talks. Financial website Forexlive analysts believe that the biggest question is when it will be reached. Some reports say the two sides hope to complete it before the G7 meeting in Canada begins on June 15. Military spending has always been one of the “demands” put forward by the US, and the content of Carney's announcement this time may resolve this issue.

Canadian Prime Minister Carney said that defense spending this year will be raised to 2% of GDP to meet NATO's goal. This expenditure will be used to build new submarines, aircraft, ships, armed vehicles and artillery, as well as new radar systems. The increase in spending is five years ahead of schedule, and Carney said investment will continue to increase in the next few years. Last week, a series of signs indicated that Canada and the US were about to reach a trade deal. The ambassadors of the US and Canada confirmed the secret talks. Financial website Forexlive analysts believe that the biggest question is when it will be reached. Some reports say the two sides hope to complete it before the G7 meeting in Canada begins on June 15. Military spending has always been one of the “demands” put forward by the US, and the content of Carney's announcement this time may resolve this issue.