AI news brief
Ottawa could go further to boost access to capital for defence businesses, says BMO CEO
Globe and Mail - Business - 2026-10-21
AI Summary
BMO CEO Darryl White is urging Ottawa to enhance capital access for defence businesses, citing the bank's expanded strategy in the sector. While federal initiatives and BMO's own capital deployment are increasing, White suggests further government measures like risk-sharing tools and loan guarantees are needed for small and medium-sized firms. Increased NATO spending and defence investments are projected to significantly impact Canada's economy and attract private sector capital.
Key takeaways
- BMO is expanding its defence sector growth strategy.
- CEO calls for more government support for defence financing.
- NATO spending is expected to boost Canadian economic growth.
What this could mean for homebuyers
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