NATO Summit in Ankara: Canada Announces Strategic Reorientation (defence24.com)

• Canada commits to 5% GDP defence spending by 2035
• Proposal for a multilateral Defence, Security and Resilience Bank (DSRB)
• DSRB could mobilize up to $134 billion in financing
• Eight nations join DSRB as founding members
• Canadian and UK defence financing initiatives deemed complementary

"At the NATO summit in Ankara, Canada signaled a major shift in defence policy under PM Mark Carney. Ottawa pledged to spend 5% of GDP on defence by 2035 and proposed a new multilateral Defence, Security and Resilience Bank (DSRB) to mobilize private capital. Eight nations joined the initiative. The DSRB could unlock up to $134 billion in financing. Overlap with the UK-led Multilateral Defence Mechanism (MDM) was described as complementary."