Prime Minister Mark Carney says Canada and its NATO allies have agreed to substantially hike their defence spending target to five per cent of annual GDP by 2035.
So apparently Canada got something they were asking for for a long time, and NATO is willing to recognize our resource projects for “critical minerals” as part of our defense budget. The 5% is still a huge target, but it seems we do have some more options in how we actually reach it now, that don’t involve just sending money to other countries to buy their military equipment. So hopefully these investments in critical minerals will actually be able to benefit our economy directly and limit the need for significant cuts elsewhere.
I’m sorry but cutting regulations and giving handouts to business for “development” has been the order of the day for the last 40 years and it’s been bullshit. It’s not any less bullshit because a new red tory face is selling it. It will end up the same old story: Huge promises of future income fall flat followed by “necessary” cuts.
So apparently Canada got something they were asking for for a long time, and NATO is willing to recognize our resource projects for “critical minerals” as part of our defense budget. The 5% is still a huge target, but it seems we do have some more options in how we actually reach it now, that don’t involve just sending money to other countries to buy their military equipment. So hopefully these investments in critical minerals will actually be able to benefit our economy directly and limit the need for significant cuts elsewhere.
It won’t benefit Canadians. It will benefit shareholders. Canada wont be mining critical minerals - private (not necessarily Canadian) companies will.
I’m sorry but cutting regulations and giving handouts to business for “development” has been the order of the day for the last 40 years and it’s been bullshit. It’s not any less bullshit because a new red tory face is selling it. It will end up the same old story: Huge promises of future income fall flat followed by “necessary” cuts.
It should be a crown corporation to count as part of NATO spending.