Monday, March 3, 2025
Healthcare
Canada’s relationship with the US is similar to the Europeans in that they both rely on the US military for their national defense and they both use the money they safe on defense to provide for national healthcare.
In 2024-2025, Canada's military spending is projected to be 1.37% of its GDP.
In 2023, the United States spent 3.4% of its GDP on its military
In 2024, the U.S. trade deficit with Canada was $63.3 billion
Because of this Canada wants to maintain the status quo while the US is looking for change.
If the US reduced their defense spending from the present 3.4% to the 1.37% that Canada spends it would save the US government $500 billion dollars per year.
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