Carney's $116bn War Bank Sparks Domestic Opposition and Supply Chain Concerns

Canadian Prime Minister Mark Carney is pitching Canada as a secure harbour for defence investment, anchored by a plan to house the headquarters of the $116 billion Defence, Security, and Resilience Bank (DSRB) in Toronto.

The DSRB is a NATO-linked bank designed to bypass parliamentary oversight and use public money to de-risk private weapons investments. Carney is courting international institutions to fund the bank.

However, domestic opposition is growing, with over 100 civil society organizations signing an open letter opposing the plan. Taxpayers are refusing to shoulder the financial risks for private arms dealers making record profits.

Direct action and supply chain vulnerabilities are also a concern, as Canadian communities are enforcing a 'People's Arms Embargo' through factory blockades and corporate inbox shutdowns.

Critical of Carney's plan is Rachel Small, Canadian lead for World Beyond War, who said: 'Mark Carney is trying to sell global investors on the fantasy of a war economy, but Canada is not a blank check for arms dealers.'

The trade-war crisis has also raised concerns about investing in Canadian defence manufacturing. With escalating 50% tariffs and chaotic cross-border trade friction, investing in Canadian defence does not build sovereignty.