Prime Minister Mark Carney has engaged in a series of high-level discussions with NATO counterparts during the NATO Summit in The Hague, focusing on increasing defence spending among member countries. Carney pledged that Canada will meet NATO's new defence spending target of five percent of GDP by 2035, providing a ten-year timeline to achieve this goal. Throughout the summit, Carney met with leaders from Sweden, the Netherlands, Estonia, Nordic countries, and New Zealand to discuss strengthening economic cooperation, Arctic security, trans-Atlantic security, and support for Ukraine. Concurrently, a think tank analysis projects that Canada's federal deficit will exceed $92 billion in the current fiscal year, largely attributed to Carney's plan to meet NATO's defence spending target of two percent of GDP. Additionally, Department of Finance documents reveal that the Canadian government will need to borrow $147 billion in new funds for the 2025-2026 fiscal year, a figure substantially higher than previous estimates. Critics have noted that even if austerity measures are implemented, the federal government will be 22 percent more expensive than six years ago. Carney is also scheduled to meet with provincial and territorial premiers at their annual summer meeting in Huntsville, Ontario.