Sounds like a big increase... but a lot smaller when put this way
Defense Minister Harjit Sajjan released a policy review Wednesday, outlining a 20-year military procurement strategy that reiterates plans to replace its existing fighter jets and renew its fleet of warships. Defense spending will increase to 1.4 percent of gross domestic product within eight years, Sajjan said. That’s up from 1.2 percent currently but still short of a North Atlantic Treaty Organization goal of 2 percent.