Taxes may rise as Canada pledges to increase defence spending; feds resist calls to detail spending

AI News July 04, 2026 10:07 AM

Canada's prime minister is set to meet his fellow NATO leaders in Turkey next week. Mark Carney recently announced Canada's goal of spending four per cent of GDP on defence by the end of the decade. To achieve that, many billions of dollars will need to be spent and some economists warn tax increases may be inevitable. As Mackenzie Gray reports, the government is resisting calls to provide details on how the money will be spent.

Taxes may rise as Canada pledges to increase defence spending; feds resist calls to detail spending

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