Canada to Host Planned Multilateral Defence Bank

Canada to Host Planned Multilateral Defence Bank
Prime Minister Mark Carney and Finance Minister Francois-Philippe Champagne make their way to the House of Commons before delivering the spring economic update on Parliament Hill in Ottawa on April 28, 2026. The Canadian Press/Justin Tang
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The federal government says Canada will host a planned multilateral defence bank aimed at providing Canada and its allies with low-cost, long-term financing for defence and security needs.

The Defence, Security and Resilience Bank (DSRB) is still in the development stage, with participating countries working to finalize its legal structure, governance model, and operational framework ahead of its formal establishment, the government says.

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William Hetherington
William Hetherington
Author
William Hetherington is a news reporter with the Canadian edition of The Epoch Times.