'Important for Canada to react': Finance Minister Chrystia Freeland defends increased defence spending

  • 📰 VancouverSun
  • ⏱ Reading Time:
  • 60 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 61%

Business News News

Business Business Latest News,Business Business Headlines

'Important for Canada to react': Finance Minister Chrystia Freeland defends increased defence spending — via financialpost Economy Canada

“It’s important for Canada to react,” Freeland said at an event in Montreal on April 11, and then went on to describe Vladimir Putin as the “world’s greatest threat” and his invasion of Ukraine as “a war for the entire democratic world.”

Freeland set aside $8 billion over five years for defence, one of the bigger line items in the budget. Combined with previously announced initiatives, Canada’s military spending is now set to double between 2016 and 2026, led by a new $6-billion contribution to the Canadian Armed Forces last week.

“Recent events require the government to reassess Canada’s role, priorities, and needs in the face of a changing world,” the 2022 budget said.growing cybersecurity risks ; and about $100 million to overhaul the military justice system and take other steps related to the “culture change” that Defence Minister Anita Anand promised last year when she apologized to soldiers who had been victims of sexual assault and harassment.

Still, some were disappointed by the increase, as it lifted Canada’s security budget only to 1.5 per cent of gross domestic product, short of the NATO target of two per cent of GDP. Freeland indicated that more money could be coming, but not before the government takes time to think through the defence apparatus that’s needed in a world in which autocratic countries such as China and Russia appear set to reshape the world order.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

financialpost We need to pay attention to domestic terrorism. This is a paramilitary operation in the planning stages.

financialpost And how does that help Ukraine

financialpost No reconciliation plan forward that Indigenous people will accept pipelines without consent Militarized RCMP snipers dogs automatic weapons deployed on unceded unsurrendered sovereign territories acts of war sad country politicians are allowed to continue there genocide rise upIR

financialpost 100% we need this… we have a massive, resource rich landmass to protect and monitor. Our waters and arctic are going to be exploited by other nations in the decades to come if we don’t prepare for it

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 49. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

'Important for Canada to react': Finance Minister Chrystia Freeland defends increased defence spendingCanada\u0027s military spending is now set to double between 2016 and 2026. Here\u0027s what you need to know about Canada\u0027s defence spending. financialpost It’s peanuts. The increase is less than a tenth of the increase we would need to hit our 2% NATO target. financialpost Too little too late! Canada is an embarrassment to its NATO allies. financialpost She did not increase it enough. Instead she is spending billion pretending they know what they are doing on housing. It will all go to Liberals and Liberal friendly companies. No one will get a house cheaper, last time in 2017 when they said same, since then costs have double
Source: nationalpost - 🏆 10. / 80 Read more »

Canada targets Russia's defence industry with wave of fresh sanctionsCanada is targeting Russia's defence industry with its latest round of sanctions over Moscow's invasion of neighbouring Ukraine. why only now? where have they been a month ago? That will make all the dead and displaced Ukrainian families feel better, I'm sure Justin so badly wants that UN Security Council seat
Source: CP24 - 🏆 30. / 67 Read more »