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Our Reaction to Canada Being Selected as Host Nation for Multinational Defence Bank

Our defence industry is an attractive partner, ready to lead on the world stage.

April 29, 2026

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Canada is the right home for this new initiative. In a world where conflict is an ever present concern, we are grateful our allies have seen the merit in this move. Our defence industry is an attractive partner, ready to lead on the world stage. Our world-class defence industry is a major driver in the economy right now, which will be a growing economic force as we increasingly invest in it. We applaud the government for their initiative and winning the bid to locate the bank here. We hope to see more details and confirmation soon because it’s going to be all hands on deck to get this right.

  • David Pierce, Vice President, Government Relations, Canadian Chamber of Commerce

About the Canadian Chamber of Commerce — The Future of Business Success 

The Canadian Chamber of Commerce is Canada’s largest and most activated business network — representing over 400 chambers of commerce and boards of trade and more than 200,000 business of all sizes, from all sectors of the economy and from every part of the country — working to create the conditions for our collective success. The Canadian Chamber of Commerce is the undisputed champion and catalyst for the future of business success. From working with government on economy-friendly policy to providing services that inform commerce and enable trade, we give each of our members more of what they need to succeed: insight into markets, competitors and trends, influence over the decisions and policies that drive business success, and impact on business and economic performance.   

Media Contact

Shane Mackenzie
Vice President, Media and Stakeholder Communications
613.302.7683
smackenzie@chamber.ca