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Canada Pushes U.K. to Join New Defense Bank | Toronto News
Canada is aggressively lobbying the U.K. to join its newly launched Defence, Security and Resilience Bank — a global alliance designed to offer low-cost loans to allies to strengthen defense supply chains and combat rising global threats. With eight nations already on board, Canada sees the U.K.’s participation as crucial to scaling the bank’s impact, especially as NATO allies scramble to meet 3.5% GDP defense spending targets by 2035. Fresh from a change in U.K. leadership, Canada is capitalizing on renewed diplomatic momentum, engaging directly with the Treasury and leveraging the new…
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