Canada and its NATO allies agreed at their annual summit on Wednesday to substantially hike their defence spending target to five per cent of annual GDP by 2035, Prime Minister Mark Carney said. Carney warned the country can no longer rely on its geography for protection as new weapons and threats emerge,

Prime Minister Mark Carney said Canada can meet a steep expected increase in its North Atlantic Treaty Organization obligations spending partly by leaning on the country’s bounty of critical minerals.