Direct spending on Canadian military could reach more than $163B by 2035, budget watchdog says | CBC News

HDW Class 212CD submarine is shown at the Canadian Association of Defence and Security Industries annual defence industry trade show CANSEC, in Ottawa, on Wednesday, May 27, 2026.") Direct spending on the Canadian military could reach $163.6 billion by 2035 under the Liberal government's proposal to meet NATO's benchmark target of five per cent of GDP, the Parliamentary Budget Office in a new report on Tuesday.