US-Canada Break Widens: Carney Sets up New Defence Investment Agency to Rearm Military

US-Canada break widens: Carney sets up new defence investment agency to rearm military

Carney unveiled a new organisation as part of his effort to deliver on a campaign pledge to reform Canada’s military procurement system. Doug Guzman, a veteran executive from Royal Bank of Canada, has been appointed as its chief executive officer

Carney Starts New Defense Agency, Names RBC’s Guzman to Lead It

Prime Minister Mark Carney created a new defense investment agency to build domestic manufacturing and accelerate the rearming of the Canadian military, aiming to boost sectors such as steel that have been damaged by US tariffs.

Carney launches agency dedicated to military spending

Prime Minister Carney launches new Defence Investment Agency to hit 2% of GDP in 2025–26 and to centralize military procurement.