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flag Canada boosts defence business funding to $6B and leads global bank talks.

flag The Business Development Bank of Canada is increasing funding for defence-sector businesses from $4 billion to $6 billion, citing strong demand and rising defence spending. flag Since launching its Defence Platform last year, BDC has provided $91.7 million to 16 small- and medium-sized firms in cybersecurity, munitions, and dual-use technologies. flag CEO Isabelle Hudon, a former ambassador to France, said the agency is shifting from a cautious to a more proactive stance, emphasizing long-term support and credibility. flag BDC is also leading Canada’s role in international talks to create a Defence, Security and Resilience Bank, backed by Canada’s Big Six banks and NATO, to reduce borrowing costs for military projects. flag Final decisions on participating nations and the bank’s location remain pending, though several Canadian cities are competing to host it.

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