NATO Secretary General Mark Rutte and Netherland's Prime Minister Dick Schoof welcomes Canadian Prime Minister Mark Carney during the official greeting at the NATO Summit in The Hague, Netherlands on Wednesday, June 25, 2025. Canada has officially hit NATO’s long‑standing defence spending benchmark, marking its first return to the 2% threshold in more than three decades. The milestone reflects a major policy shift under Prime Minister Mark Carney, who accelerated defence investments years ahead of previous projections. Canada Reaches NATO’s 2% Defence Spending Target for the First Time Since 1990 Canada has met NATO’s requirement that member states spend 2% of GDP on national defence , a benchmark the country had not reached since the end of the Cold War. According to NATO’s latest accounting, Canada spent just over $63 billion on defence in the 2025 fiscal year, propelled by a significant funding boost and internal accounting adjustments. What Drove the In...
Financial literacy is a crucial life skill that every child should learn. It is the ability to understand and manage one’s finances effectively. In Canada, there are several programs and resources available to help children and youth develop financial literacy skills.
According to the Financial Consumer Agency of Canada, financial literacy programs are available for both students and adults. These programs provide educational materials to help increase financial knowledge and skills. For instance, the Your Financial Toolkit is an online learning program that provides financial information and tools for adults. The Financial Basics workshop is a money management workshop that helps young adults make smart financial decisions.
Money Mentors is another organization that provides free financial literacy resources for youth. They offer free in-school and community presentations, online extension activities, spending plans, and more.
The Canadian Foundation for Economic Education has published a guide called Money and Youth that serves as a “Guide to Financial Literacy” for youth ages 14 and up. It is also a primer for adults, especially parents and teachers who often assume responsibilities for helping children improve their financial capability.
In addition to these resources, parents can also take steps to teach their children about financial literacy. For example, parents can encourage their children to develop an entrepreneurial plan for an age-appropriate business. This can help children attach a value to dollars earned and motivate them to learn more about the financial world. Parents can also talk to their children about opening a personal bank account and help them research an account that caters to children as a way to help them better conceptualize saving and everyday banking.
In conclusion, financial literacy is an important issue across Canada. With the help of various programs and resources, children and youth can develop the skills they need to manage their finances effectively and prepare for the future. Parents can also play a crucial role in teaching their children about financial literacy and helping them develop a strong sense of effective financial management as they move forward in life.
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