Your World Tonight NATO summit, rent prices, Indian space mission, and more
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Jun 25, 2025 Canada shifts its defense budget to 5% of GDP amidst NATO's rising military commitments, reflecting global security tensions. Rental prices show surprising trends, with some cities experiencing declines due to increased supply. Axiom-4 marks a new chapter in Indian space exploration as astronauts head to the ISS, showcasing India's ambitions in the cosmos. Meanwhile, wildlife encounters raise safety concerns in Canada, prompting discussions on community awareness. The podcast blends geopolitical insights with local narratives for a captivating listen.
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NATO Military Spending Surge
- Canada and NATO allies agreed to increase defense spending to 5% of GDP over the next decade, a major rise from the previous 2% target.
- This aims to reduce the burden on the U.S. and strengthen collective security amidst rising global threats.
Limited Impact of Iran Strikes
- U.S. airstrikes on Iranian nuclear sites likely caused limited damage; key facilities remain intact allowing possible program restart soon.
- Full damage assessment is pending; thus, claims of complete obliteration are under scrutiny.
Trends in Canadian Rent Prices
- Canadian rent prices have risen significantly since 2019, with Montreal seeing a 71% increase for two-bedroom units.
- Yet, some cities like Toronto, Vancouver, Halifax, and Calgary show recent rent declines due to increased supply and slowed population growth.