Connect with us

Politics

Carney says world is at ‘turning points’ as he touts defence spending boost – National TenX News

Published

on


Prime Minister Mark Carney says the world faces “turning points” as he vowed Canada will benefit from increasing defence spending to the new NATO target of five per cent of GDP by 2035.

At the same time, he acknowledged he will need “social licence” for the level of spending planned and that the country will need to consider the “trade-offs” down the road.

“Throughout Canada’s history, there have been turning points when the world’s fortunes have been in the balance, and each time Canada has chosen to step up, to lead on the path of democracy and freedom,” Carney said. “We’re once again in one of those moments. If we want the world of tomorrow to be shaped by our values, Canada must be ready. If we want a more secure world, we need a stronger Canada.”

Carney made the comments after NATO leaders agreed to hike the defence spending target from two per cent of GDP to the new five per cent target.

Story continues below advertisement

He was asked by reporters whether Canadians would need to make sacrifices to afford that spending, such as cuts to health-care transfers.

“The investments we’re making in defence and security, broader security, given the new threats that Canada faces, we’re not at a trade-off, we’re not at sacrifices in order to do those, these will be net additive,” he said.


Click to play video: 'Canada needs to spend $150B per year for new NATO target: Carney'


Canada needs to spend $150B per year for new NATO target: Carney


“More of this will happen in Canada, more of it will build our economy at the same time as it improves our defence and we’ll get the benefits.”

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

Get breaking National news

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

However, he said as the world gets closer to the 2035 deadline for that five per cent target, the country will ultimately need to think about potential “trade-offs.”

“We will have to make considerations about what less the federal government can do in certain cases and how we’re going to pay for it,” Carney said.

Story continues below advertisement

“Those trade-offs — I’m going to give you false precision around this — but those trade-offs happen towards the end of the decade into the next decade and we will be much, much better informed.”

The NATO agreement will see allies invest 3.5 per cent in core defence needs, such as jets and weapons, and 1.5 per cent in defence-adjacent areas, such as infrastructure.

Up until this year, Canada has struggled to meet the previous two per cent goal set by NATO and Carney said the new five per cent target will equate to spending on defence of about $150 billion.

NATO said in 2024 Canada spent $41 billion.

Carney said he recognizes that the federal government needs to establish political and “social licence” for that kind of increase in spending.


Click to play video: 'NATO 5% defence spending target tops agenda at Netherlands summit'


NATO 5% defence spending target tops agenda at Netherlands summit


“First and foremost, we are protecting Canadians, we are protecting Canadians against new threats,” he said. “I wish we didn’t have to, but that is what we have to and it is our core responsibility as government.”

Story continues below advertisement

He said those threats are evolving, noting concerns about Arctic security.

But while the costs from defence spending will increase, the prime minister argued “maximum spillovers” will come from it, such as through new jobs for Canadians.

NATO Secretary-General Mark Rutte said there was a “concrete” plan for allies to spend five per cent of GDP to make NATO stronger, with the alliance’s head saying allies will agree to further increase defence production so their armed forces have “everything they need.”

Carney told CNN International on Tuesday that Canada would reach the target in part by developing deposits of critical minerals and that some of the work would be done in partnership with the European Union, EU member states, the U.K. and other allies.


Click to play video: 'Canada signs defence agreement with EU ahead of major NATO summit'


Canada signs defence agreement with EU ahead of major NATO summit


When asked Wednesday about his comments regarding “trade-offs” coming later, he said if spending is hiked in one area, it could lead to more spending on rising prices and “choke points,” but working with international partners can help circumvent this.

Story continues below advertisement

“That’s part of the reason why we’re co-operating more closely with the Europeans, part of the reason why we continue co-operation with the U.S. in the right areas,” he said. “But also part of the reason why this increase will happen at a measured pace or we’ll try to do it at a measured pace and that has that consequence.”

Before Wednesday’s meeting, Britain, France, the Netherlands and Germany had all committed to the five per cent goal. NATO countries closer to the borders of Ukraine, Russia and its ally Belarus had also pledged to do so.

Some countries, like Spain and Slovakia, expressed concerns with the target.

All 32 NATO member countries had to agree on a new spending target and had to debate the timeline for its implementation.

Rutte warned on Monday that no country can opt out of the target and that progress made toward the new target will be reviewed in four years.


&copy 2025 Global News, a division of Corus Entertainment Inc.



Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Politics

“Unacceptable’: Allies react to Trump Greenland tariff threats – National TenX News

Published

on


World leaders are raising alarm after U.S. President Donald Trump threatened to impose sweeping tariffs on European allies in an effort to pressure Denmark into negotiations over Greenland.

The move is sparking protests across the Arctic and sharp rebukes from Europe and Canada.

On Saturday, thousands of people marched through snow and ice in Greenland’s capital, Nuuk, chanting “Greenland is not for sale,” waving national flags.

Police described the demonstration as the largest they have ever seen in the city.

About 825 kilometres away, dozens of people rallied in Iqaluit, Nunavut, in a show of solidarity with Greenlanders.

“Greenland is owned by the Greenlandic people,” protesters chanted in Inuktut as they marched for an hour in freezing, windy conditions.

The protests came as Trump announced he would impose a 10 per cent import tax starting next month on goods from eight European countries.

Story continues below advertisement

These nations include Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands and Finland, because of their opposition to U.S. control of Greenland.

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

Get breaking National news

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

The tariff would rise to 25 per cent on June 1 if no deal was reached for what Trump called the “Complete and Total purchase of Greenland.”

The president suggested the tariffs were leveraged to force talks over Greenland, a semi-autonomous territory of NATO ally Denmark that Trump says is vital to U.S. national security.

French President Emmanuel Macron said France stands firmly behind Greenland’s sovereignty and rejected the use of trade threats.


“Tariff threats are unacceptable and have no place in this context,” Macron wrote on social media, adding that Europeans would respond “in a united and coordinated manner” if the measures are confirmed.

British Prime Minister Keir Starmer said Greenland’s future is for Greenlanders and Denmark to decide.

“Applying tariffs on allies for pursuing the collective security of NATO allies is completely wrong,” Starmer said, adding the issue would be raised directly with the U.S. administration.

Bob Rae, former Canadian ambassador to the United Nations, also chimed in on Trump’s announcement.

The tariff threat could mark a significant rupture between the U.S. and its NATO allies.

Story continues below advertisement

Greenland already hosts the U.S.-run Pituffik Space Base under a 1951 defence agreement with Denmark, supporting missile warning, missile defence and space surveillance for the U.S. and NATO.

“There is no sign of the Trump war of aggression against Greenland and Denmark letting up. It is not about ‘security’ any more than Venezuela was about ‘narco-terrorism.’ They are both about seizing control and plunder.”

He further added, “No country, including my own, Canada, is safe or secure.”

The tariff threat could mark a significant rupture between the U.S. and its NATO allies.

Trump is expected to face questions about the proposed tariffs and Greenland later this week.

He is scheduled to attend the World Economic Forum in Davos, alongside several European leaders he has threatened with tariffs.

— With files from The Canadian Press 

&copy 2026 Global News, a division of Corus Entertainment Inc.



Continue Reading

Politics

Canada talks trade with Qatar as Carney touches down in Doha – National TenX News

Published

on


Prime Minister Mark Carney arrived in Doha on Saturday as part of a push to attract foreign investment and deepen Canada’s economic partnerships beyond its traditional allies.

Carney’s visit comes on the heels of his visit to China and follows the recent presentation of a new federal investment budget aimed at positioning Canada as a stable, attractive destination for global capital.

In a news conference on Saturday, Finance Minister François-Philippe Champagne said Canada is working to broaden its economic relationships as global trade patterns shift.

Qatar is viewed by Ottawa as a strategic partner, with officials pointing to the country’s significant investment capacity and growing influence on the global stage.

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

Get breaking National news

For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.

“We need to reduce our dependence and increase our self-reliance to find a strategic path forward,” Champagne said.

Story continues below advertisement

“Engaging with the Middle East and China is necessary for Canada, just like our European partners have done,” Champagne added.  “We buy more from the U.S.A. than anywhere else, but the trading climate right now is different.”

The conference highlighted Canada’s industrial capacity and trade advantages as key selling points for potential investors.

Champagne also said international engagement is critical as Canada works to raise its profile among global investors.

“We are one of the G7s with very big industries. We build cars, planes, ships, we have an abundance of energy, and we are the only one with free trade with all G7,” Champagne said. “With the way the world is changing, you better diversify, supply chain is changing and we need to adapt.”

Prime Minister Carney is expected to meet with senior Qatari officials, including Emir Sheikh Tamim bin Hamad Al Thani, as well as representatives of the Qatar Investment Authority.

His office says the talks will focus on expanding trade access and forging partnerships in artificial intelligence, infrastructure, energy and defence.

The visit comes amid heightened geopolitical tensions in the region, though officials say the schedule remains unchanged.


&copy 2026 Global News, a division of Corus Entertainment Inc.



Continue Reading

Politics

How could Canada, EU, NATO respond to a U.S. takeover of Greenland? – National TenX News

Published

on


The possibility of a forceful U.S. takeover of Greenland is raising many unprecedented questions — including how Canada, the European Union and NATO could respond or even retaliate against an ostensible ally.

A high-level meeting between Greenlandic, Danish and U.S. officials this week did not resolve the “fundamental disagreement” over the territory’s sovereignty but did set the stage for more talks. The White House made clear Thursday that U.S. President Donald Trump’s desire to control Greenland has not changed after the meeting.

“He wants the United States to acquire Greenland. He thinks it’s in our best national security to do that,” White House press secretary Karoline Leavitt said.

Denmark and European allies are sending more troops to the territory in a show of force and to display a commitment to Arctic security.


Click to play video: 'Trump says ‘not a thing’ Denmark can do if Russia or China wants to ‘occupy’ Greenland'


Trump says ‘not a thing’ Denmark can do if Russia or China wants to ‘occupy’ Greenland


Experts say there are other, non-military measures available in the event of a U.S. annexation or invasion of Greenland, or which could at least be threatened to try and get Trump to back down.

Story continues below advertisement

Whether those economic measures are actually used is another matter, those experts say.

“I think it remains highly unlikely that we’ll get to that point where we have to seriously discuss consequences for a U.S. move on Greenland,” said Otto Svendsen, an associate fellow with the Europe, Russia, and Eurasia Program at the Center for Strategic and International Studies.

“So it remains contingency planning for a highly unlikely event. That being said … Denmark would certainly do everything in its power to rally a very robust European response.”

Here’s what that could entail.

EU trade, tech disruptions?

Experts agree the biggest pressure points that can be used in the U.S. surround trade and technology.

The European Parliament’s trade committee is currently debating whether to postpone implementing the trade deal signed between Trump and the EU last summer to protest the threats against Greenland, Reuters reported Wednesday.

Story continues below advertisement

Many lawmakers have complained that the deal is lopsided, with the EU required to cut most import duties while the U.S. sticks to a broad 15 per cent tariff for European goods.

Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day.

Get daily National news

Get the day’s top news, political, economic, and current affairs headlines, delivered to your inbox once a day.

An even bolder move would be triggering the EU’s anti-coercion instrument — known as the “trade bazooka” — that would allow the bloc to hit non-member nations with tariffs, trade restrictions, foreign investment bans, and other penalties if that country is found to be using coercive economic measures.

Although the regulation defines coercion as “measures affecting trade and investment,” Svendsen said it could feasibly be used in a diplomatic or territorial dispute as well.

“EU lawyers have proven themselves to be very creative in recent years,” he said.

However, David Perry, president of the Canadian Global Affairs Institute, said in an email that economic measures against the U.S. are unlikely “given the massive asymmetry in the defence and economic relationship between the U.S.” and other western nations.

“Any kind of sanction against the U.S. doesn’t make sense for the same reason they can impose tariffs on others: they have the power,” Perry added.


Click to play video: 'Denmark, U.S. still disagree on Greenland’s future after White House talks'


Denmark, U.S. still disagree on Greenland’s future after White House talks


Target U.S. tech companies?

The likeliest — and potentially least harmful — scenario for retaliation in the event of an attack on Greenland, Svendsen said, would be fines or bans against U.S. tech companies like Google, Meta and X operating in Europe.

Story continues below advertisement

That’s because the Trump administration has taken particular focus on preventing what they call “attacks” on American companies by foreign governments seeking to regulate their online content or tax their revenues, which has led to calls on Canada, Britain and the EU to repeal laws like digital services taxes.

“I think that would be a really smart and targeted way to get to economic interests very close to the president, while minimizing the direct impact on the on the European economy,” Svendsen said, calling such a move “low-hanging fruit.”

He also compared a future U.S. tech platform ban to how Europe moved to wean itself off Russian gas after the full-scale invasion of Ukraine in 2022.

“If you told anyone back then that Europe would basically rid itself of its dependence on Russian gas basically within a two-year period … that would have been considered completely impossible,” he said.

“Weaning the European economy off of U.S. tech would certainly be painful in the short term, but they’ve proven that they can get off those dependencies quickly if there is political will behind it in the past.”

A U.S. hostile takeover of Greenland would mean the “end” of the NATO alliance, experts and European leaders have said.

Story continues below advertisement

Trump himself has acknowledged it could be a “choice” between preserving the alliance or acquiring Greenland.

There is no provision within the NATO founding treaty that addresses the possibility of a NATO member taking territory from another, and how the alliance should respond to such an act.

A NATO spokesperson told Global News it wouldn’t “speculate on hypothetical scenarios” when asked how it could potentially act.


Click to play video: 'NATO countries concerned about Arctic security as Trump pushes for Greenland ownership'


NATO countries concerned about Arctic security as Trump pushes for Greenland ownership


“None of this would be actionable in a NATO sense,” Perry said. “It’s an alliance that’s organized to bind the U.S. to European security, and revolves around the U.S. So there’s no scenario of NATO doing that to the U.S.”

Denmark and other European nations could move to reduce or close U.S. military bases in their countries as a possible response, experts say.

Story continues below advertisement

Balkan Devlen, a a senior fellow at the Macdonald-Laurier Institute and director of its Transatlantic Program, said in an interview that a U.S. annexation of Greenland would force Canada to focus entirely on boosting its defences in the Arctic.

That may include trying to decouple from NORAD, the joint northern defence network with the U.S., in favour of a purely domestic Arctic command, he said — although that process would take years and require Canada to increase defence spending even further.

“Never mind five per cent (of GDP) — we will probably need to go like seven, eight, nine per cent on defence spending to be able to do anything of that sort,” he said. “It’s not even clear that we’ll be able to have enough people to do that.”

Devlen added that any retaliatory action, whether military or financial, needs to be targeted and proportionate to what the U.S. does.

“The problem with nuclear options is that once you use it, it’s gone,” he said. “And if it doesn’t do the damage or make the change of behaviour on the other party, you’ve basically lost a lot of leverage and you might actually sustain a lot more loss yourself.”




Continue Reading

TRENDING

Copyright © 2022 TenX News Network