Canada Defense Industrial Strategy and Venture Capital Initiative

planned

The Canadian government, led by Prime Minister Mark Carney, is preparing to significantly increase defense spending and attract private capital to support domestic defense and national security sectors. The initiative includes backing the Business Development Bank of Canada with C$1 billion to support defense and security investment and aims to attract up to C$500 billion in private capital for nation-building projects including defense. The government is also working on Canada's first defense-industrial strategy to guide procurement, attract investment, and clarify domestic defense production goals. Venture capital involvement is being encouraged to support homegrown tech firms in defense technology.