Canada to increase military spending 70 percent in 10 years

By The Canadian Press

By The Canadian Press

Finance officials say Canada's new defence policy - which boosts military spending by billions of dollars - won't have a significant impact on future projected deficits.

The new defense policy was announced the day after Canada's Foreign Affairs Minister Chrystia Freeland, delivered a speech where she called on Canada to take a bigger role in global affairs in the wake of perceived American retrenchment.

With the additional money being poured in, Ottawa reports it will spend $533 billion in all on defense in the next 20 years.

In her address to Parliament on Tuesday about the government's foreign policy goals, Foreign Affairs Minister Chrystia Freeland urged Canada to resume its role on the world stage that it once had during the First and Second World Wars.

So when Defence Minister Harjit Sajjan tabled a new defence policy today-a document the Liberal government is calling Strong, Secure, Engaged-he faced inevitable skepticism about his long-term vision.

"To meet Canada's defence needs at home and overseas, the government will grow annual defence spending over the next 10 years from $17.1 billion in 2016-17 to $24.6 billion in 2026-27 on an accrual basis".

Defence expert Perry said he was personally surprised by how much effort the government put into spelling out where Canada stands - and will stand - on the North Atlantic Treaty Organisation commitment.

Canada will replace its current fleet of 15 destroyers and frigates with a single class of vessel, at a new estimated cost of C$56 billion to C$60 billion.

76ers get No. 1 pick from Celtics, chance to draft Fultz
If something for Butler can't be worked out, the team will likely focus its attention on signing Gordon Hayward of the Utah Jazz. However, it's testament to his own individual brilliance that his stock wasn't significantly affected by his team's performance.

Canadian Defense Minister Harjit Sajjan announced Wednesday that the country's military spending would increase by 70 percent over the next decade. It plans to spend $32.7 billion Canadian in 2026/27. "And - and frankly a lot of them do need to improve".

"We are heartened by today's release of Canada's defense policy", US Secretary of Defense Jim Mattis said in a statement following the announcement.

Actually, the most important part is laid out in green, the colour used on page 98 of the policy, in "Figure 2: Actual and Forecasted Defence Budget (Cash basis)", to illustrate the big bulge in spending now needed, especially between about 2020 and 2028, to pay for those ships, and jets, and all the rest.

According to the announcement, Canada has allocated about $18.9 billion Canadian for defense in its 2016/17 budget.

Ottawa will hold an open competition to buy 88 advanced fighters to replace its fleet of 77 CF-18 planes, more than the 65 new jets the previous Conservative government had planned.

"If we're serious about our role in the world, we must be serious about funding our military", he told a news conference attended by dozens of uniformed military personnel.

The government will also commit a large amount of money to better support Canada's military personnel, particularly the ill and injured, as well as family members.

Recommended News

  • Mohammad Hafeez: Champions Trophy triumph is for all of Pakistan

    Mohammad Hafeez: Champions Trophy triumph is for all of Pakistan

    Pakistan thrashed arch-rivals India by 180 runs to win the worldwide cricket tournament at The Oval in London , U.K. on Sunday. India had three players in batsmen Virat Kohli and Shikhar Dhawan , together with seamer Bhuvneshwar Kumar , in the ICC team .
    Massive fire burning near Big Bear Lake in Southern California

    Massive fire burning near Big Bear Lake in Southern California

    The wind is blowing at 5 miles per hour from the southeast and is gusting up to 23 miles per hour , according to a fire release. San Bernardino County Sheriff officials have issued voluntary evacuations in the dump, Baldwin Lake and Tanglewood Campground.
    Police acquittal worries black gun owners

    Police acquittal worries black gun owners

    Before Castile completed the sentence, Yanez interrupted and replied, "Okay" and placed his right hand on the holster of his gun. The squad auto video shows Yanez approaching Castile's vehicle and asking for a driver's license and proof of insurance.
  • Coveney calls for North deal to 'involve all five parties'

    Coveney calls for North deal to 'involve all five parties'

    Mr Coveney said a deal was "do-able" but there were differences between the parties that needed to be bridged. Sinn Féin's Stormont leader Michelle O'Neill said her party was up for striking a deal.
    More Cosby deposition read into court record

    More Cosby deposition read into court record

    Cosby said he chose to pursue a friendship with Constand, which he hoped would grow to something more intimate. The New York Timesreported on Friday, however, that a spokesperson said Cosby may, in fact, testify.
    Trump's legal plan quite simple so far: Fight, fight, fight

    Trump's legal plan quite simple so far: Fight, fight, fight

    He was speaking on Fox News Sunday where specific questions about the alleged investigation were asked of him. He says there should at least be tapes of any telephone conversations between the president and Comey.
  • Portugal awaits foreign help to fight deadly wildfires

    Portugal awaits foreign help to fight deadly wildfires

    A huge wall of thick smoke and bright red flames towered over the top of trees near houses in the wooded region. He said that "it was not possible to do more than what has been done" in prevention and responding to the fire.

    Kei Nishikori earns rare win to reach quarterfinals again

    Earlier, third-seeded Simona Halep and fifth-seeded Elina Svitolina advanced and will face each other in the quarterfinals. Murray will be the favorite to win going into the match. "I am in semifinals with a very positive feelings", Nadal said.
    Pakistan rout India to clinch Champions Trophy

    Pakistan rout India to clinch Champions Trophy

    Fakhar, who scored his maiden ODI century in style with a four off the 31st over, was awarded Player of the Match. It was the lucky break that Zaman needed and from there he played freely and put the Indian bowlers to the sword.
  • A sense of OPEC divisions a blow to oil prices

    A sense of OPEC divisions a blow to oil prices

    Gasoline stocks rose by 3. 3 million bbl, compared with analysts' expectations in a Reuters poll for a 580,000 bbl gain. Qatar with a production capacity of about 600,000 barrels per day (bpd) is one of OPEC's smaller oil producing nations.

    Investor Barometer: Signal watch on Mitie Group PLC (MTO.L)

    Many consider the equity oversold if the reading is below -80 and overbought if the indicator is between 0 and -20. The Company is engaged in the property investment, development and trading, and the provision of vehicle parking.
    Moody's downgrades Aussie, NZ banks on increased housing risk

    Moody's downgrades Aussie, NZ banks on increased housing risk

    It comes after Standard & Poors reaffirmed the big four's ratings, while downgrading smaller banks because of the risk of a house price correction.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.