Canada & the Nato Summit

Happy Tuesday Everyone! After many weeks of anticipation NATOs premier Summit is finally here, running on June 24th and 25th. This will be the thread covering announcements and news from both events. Sadly the first day of the Summit is usually quiet, so don't expect much until tomorrow.

Either way, this year is looking to be the most important Summit in years, with 5% spending on the table, and coming off a war in the Middle East, there is a lot of expectations coming out of this.

For Canada this comes immediately after the Canada-EU summit yesterday, which you can read about here. It also comes two weeks after we committed to reaching 2% spending by the end of the year.

Yet just as soon as we get to the old target, a new target presents itself, and while the government is being quiet and calm right now the behind the scenes is looking to be more and more strenuous.

This could be the beginning of change, the final nail in the end of history or we will come out with the same loose expectations and struggling commitments. Only time will tell. What we do know is that it wont be boring.

---

DAY 1

---

News from Canada

• NATO's 5% benchmark would cost Canada $150B a year, Carney says

• Carney says Canada will meet new NATO spending target by developing critical minerals

• Foreign Affairs Minister Anita Anand speaks with reporters ahead of NATO Summit – June 24, 2025

• Our Commitment to Supporting NATO

• ‘Canada is here’ standing up for the country’s interests: Anand at NATO

---

From the Prime Minister’s Office

• Prime Minister Carney meets with Their Majesties King Willem-Alexander and Queen Máxima of the Netherlands

• Prime Minister Carney meets with Prime Minister of Sweden Ulf Kristersson

• Prime Minister Carney meets with Prime Minister of the Netherlands Dick Schoof

• Prime Minister Carney meets with President of Latvia Edgars Rinkēvičs

---

News from NATO

• NATO Summit Defence Industry Forum 2025 – “Time to ‘unite, innovate & deliver”, says Secretary General Rutte

• NATO expands multinational tanker fleet to 12 aircraft, welcomes Sweden and Denmark to programme

• NATO releases Updated Defence Production Action Plan, Commercial Space Strategy and Rapid Adoption Action Plan

• Trump shares texts from NATO chief praising ‘decisive action’ on Iran

• NATO Allies step up multinational capability delivery cooperation

• Canada has signed NATO’s Defence Critical Raw Materials Stockpiling Letter of Intent. Canada has vast critical mineral reserves, and we are exploring ways to use our resources to create new opportunities for Canadian industry.

---

DAY 2

---

Prime Minister Carney schedule for the second day of the NATO summit

---

News from Canada

• Canada commits to new NATO defence spending pledge to hit 5 per cent of GDP by 2035

• Will Canada meet the new NATO defence spending target?

  ---

  From the Prime Ministers Office

• Prime Minister Carney meets with Prime Minister of Estonia Kristen Michal

• Prime Minister Carney meets with the leaders of several Nordic countries

---

News from NATO

• Nato leaders confirm defence spending will rise to 5% of GDP and say support for members is ‘ironclad’

• NATO allies agree on collective defence commitment

---

THE FULL HAGUE SUMMIT DECLARATION

1. We, the Heads of State and Government of the North Atlantic Alliance, have gathered in The Hague to reaffirm our commitment to NATO, the strongest Alliance in history, and to the transatlantic bond. We reaffirm our ironclad commitment to collective defence as enshrined in Article 5 of the Washington Treaty – that an attack on one is an attack on all. We remain united and steadfast in our resolve to protect our one billion citizens, defend the Alliance, and safeguard our freedom and democracy.

2. United in the face of profound security threats and challenges, in particular the long term threat posed by Russia to Euro-Atlantic security and the persistent threat of terrorism, Allies commit to invest 5% of GDP annually on core defence requirements as well as defence-and security-related spending by 2035 to ensure our individual and collective obligations, in accordance with Article 3 of the Washington Treaty. Our investments will ensure we have the forces, capabilities, resources, infrastructure, warfighting readiness, and resilience needed to deter and defend in line with our three core tasks of deterrence and defence, crisis prevention and management, and cooperative security.

3. Allies agree that this 5% commitment will comprise two essential categories of defence investment. Allies will allocate at least 3.5% of GDP annually based on the agreed definition of NATO defence expenditure by 2035 to resource core defence requirements, and to meet the NATO Capability Targets. Allies agree to submit annual plans showing a credible, incremental path to reach this goal. And Allies will account for up to 1.5% of GDP annually to inter alia protect our critical infrastructure, defend our networks, ensure our civil preparedness and resilience, unleash innovation, and strengthen our defence industrial base. The trajectory and balance of spending under this plan will be reviewed in 2029, in light of the strategic environment and updated Capability Targets. Allies reaffirm their enduring sovereign commitments to provide support to Ukraine, whose security contributes to ours, and, to this end, will include direct contributions towards Ukraine’s defence and its defence industry when calculating Allies’ defence spending.

4. We reaffirm our shared commitment to rapidly expand transatlantic defence industrial cooperation and to harness emerging technology and the spirit of innovation to advance our collective security. We will work to eliminate defence trade barriers among Allies and will leverage our partnerships to promote defence industrial cooperation.

5. We express our appreciation for the generous hospitality extended to us by the Kingdom of the Netherlands. We look forward to our next meeting in Türkiye in 2026 followed by a meeting in Albania.