The increase, if carried out, will mean Canada reaches its NATO commitment to spend two per cent of its GDP on defence. The biggest element in the spending plan is $2.6 billion for personnel; there’s also $2.1 billion to inject into the defence industry, $2 billion to participate in overseas partnerships such as ReArm Europe and $560 million for digital tech and cyberdefences. (The Logic)

Talking point: Prime Minister Mark Carney made the announcement at the University of Toronto, with Ada CEO Mike Murchison and Cohere co-founder Ivan Zhang in the front row. He said to expect spending to continue increasing. Government officials briefing reporters on condition they not be named said part of the industrial spending is to expand capabilities and stockpile resources (including critical minerals), so the sector can move faster in the future. A small amount of the total, $25.5 million, will more than double this year’s budget for a (historically troubled) program that helps startups develop military technologies.