A rear-view glance to this month’s NATO summit should prompt a look to the future, asking how Canada plans to achieve its commitment to spend 5 per cent of GDP on defence by 2035. For Canada to meet the NATO pledge, it will have to make difficult choices on taxes, spending and borrowing. Making these choices requires a credible fiscal plan – and it needs to come in the fall budget.
Canada, debt-ridden and stretched, faces an uphill task of 5% defence spending
