Opinion: Can Canada have both guns and butter? Carney shows us, yes, we can
Canada is set to undergo its largest increase in defence spending in generations, with Prime Minister Mark Carney announcing the country will meet NATO’s 2% of GDP target in the 2025-26 fiscal year. “The transformation of our military capabilities,” the Prime Minister said, “can help transform our economy,” as he signaled a shift away from reliance on U.S. suppliers and called for a new national defence industrial policy, writes Eugene Lang. “The idea of the peace dividend was simple and seductive. With peace upon us, defence budgets could be slashed and resources diverted to social programs and tax cuts. Butter in exchange for guns.
