The institutional politics of Carney’s defence bank

Canada’s role in NATO finance risks locking in a defence-driven political economy that will be difficult to reverse.

Prime Minister Mark Carney. Canada has been selected to headquarter the Defence, Security, and Resilience Bank to mobilize, a multilateral institution meant to provide long-term, low-cost financing for NATO members and allied nations.The Hill Times photograph by Andrew Meade

Opinion

BY BHAGWANT SANDHU

May 6, 2026

OTTAWA—Riding a narrative of restored competence, Prime Minister Mark Carney is advancing a new centrepiece of his agenda:

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