TORONTO - CIBC says it is committing $2 billion to support small- and medium-sized businesses in the defence industry and those with dual uses in the civilian sector.
TORONTO - CIBC says it is committing $2 billion to support small- and medium-sized businesses in the defence industry and those with dual uses in the civilian sector.
The lender says the funding is intended to help Canadian companies scale and strengthen domestic capabilities that are becoming more important to Canada’s economic resilience and competitiveness.
Firms that can receive funding include ones in energy, cybersecurity, digital capability, infrastructure and advanced technology…
Ottawa's defence sector investment push is one of the most significant financing initiatives in Canada's history, says head of…
The announcement comes days before Prime Minister Mark Carney's investment summit kicks off in Toronto on Monday.
Canada needs to overcome a “three-speed” growth divide among small- and medium-size enterprises as it ramps up defence spending.…
CEO Isabelle Hudon says BDC looking to invest time and money in sectors that may include critical minerals and quantum computing.…
Canada is no longer being 'shy' about investing in defence, says Business Development Bank of Canada CEO Isabelle Hudon. Find out…
