Prime Minister Carney said nine countries have committed to a Canada-led global defence bank, naming Canada, Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Turkey and Ukraine. Apart from Canada, other G7 members have not joined, which could constrain the bank's initial capital base. Canada’s foreign minister said the institution remains open to additional members. A think tank noted launch conditions have been met but founders had hoped for participation from larger European powers. The

Prime Minister Carney said nine countries have committed to a Canada-led global defence bank, naming Canada, Albania, Belgium, Greece, Latvia, Luxembourg, Romania, Turkey and Ukraine. Apart from Canada, other G7 members have not joined, which could constrain the bank's initial capital base. Canada’s foreign minister said the institution remains open to additional members. A think tank noted launch conditions have been met but founders had hoped for participation from larger European powers. The bank is slated to begin operations in 2027 and aims to mobilise defence-industrial investment to strengthen allies’ collective security capacity.