Carney Raises Soldiers’ Pay, Moving Canada Closer to NATO Target
Mark Carney, Canada’s prime minister
Photographer: David Kawai/BloombergPrime Minister Mark Carney’s government announced a major pay increase for military members, a move that pushes Canada closer to meeting its NATO defense spending target.
The full package will cost the federal government about C$2 billion ($1.5 billion) annually, according to defense officials. The raises range from 8% to 20% for various ranks of soldiers, and there is also more money for recruitment incentives and training support.