Department of Finance of Canada
Department of Finance of Canada
10/25/2026 | Press release | Distributed by Public on 10/25/2026 11:36
Joint statement from Canada and the United Kingdom
Joint statement from Canada and the United Kingdom
Statement
The United Kingdom and Canada reiterate our commitment to strengthening defence financing and improving the efficiency of spending to transform our collective defence capabilities.
October 25, 2026 - Ottawa, Ontario - Department of Finance Canada
The United Kingdom and Canada reiterate our commitment to strengthening defence financing and improving the efficiency of spending to transform our collective defence capabilities.
We have been working closely to consider how the Multilateral Defence Mechanism and Defence, Security and Resilience Bank can best advance our shared objectives. We have agreed to develop a framework of cooperation that works in the interest of both institutions, having mutually concluded that it is best to develop two distinct but complementary institutions that work in partnership.
As they are operationalised, the two institutions will be designed to work in close partnership, so that they can support each other on emerging industrial priorities, investment opportunities and strategic financing challenges. Together, they will provide complementary tools to strengthen the defence industrial base and enhance collective defence readiness.
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Department of Finance of Canada published this content on October 25, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 25, 2026 at 17:36 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]