Defence spending won’t protect from recession

News Snapshot:

Prime Minister Mark Carney holds a closing press conference following the NATO Summit in The Hague, Netherlands on Wednesday, June 25, 2025. THE CANADIAN PRESS/Sean Kilpatrick OTTAWA — Ottawa’s ramped up defence-spending plans will give the economy a lift, but not enough to save it from a recession, a newly released report forecasts. The updated analysis from Oxford Economics published Wednesday projects that Canada’s defence spending commitments will raise the country’s real gross domestic product by a tenth of a percentage point this year and next. That would bring growth up to 0.9 per cent annually this year and 0.4...