Canadian Prime Minister Mark Carney says that Canada will meet NATO's military spending guideline by early next year.

Canada will reach NATO's defense spending target of two percent this year, Prime Minister Mark Carney announced Monday, arguing the country had to revitalize its military "to defend every inch of our sovereign territory.

Canada will finally meet its NATO defence spending commitment this year as it confronts an alarming new world of threats, Prime Minister Mark Carney said in Toronto Monday morning. Carney said Canada will rapidly advance its military spending timeline to hit the NATO target of two per cent of national GDP by adding $9 billion in spending to the fiscal framework this year.