The Bank of Montreal announced Tuesday it will mobilize up to C$70 billion — roughly US$50 billion — in capital over the next decade for sectors critical to Canada’s economic security, marking one of the largest private-sector commitments of its kind in the country’s history.
The financing will target aerospace, advanced manufacturing, cybersecurity, artificial intelligence, quantum computing and critical minerals, areas Ottawa has identified as central to building sovereign economic capacity and reducing dependence on foreign suppliers.
BMO named Michael Bonner as enterprise chair for the Canadian defence sector, a new role created to steer the bank’s push into defence-linked lending and investment. The announcement ties the decade-long plan directly to Canada’s pledge to spend 5% of GDP on defence by 2035 under its NATO commitments.
BMO Economics estimates that meeting that pledge could generate about C$150 billion in annual economic impact, framing the financing initiative as both a national-security measure and a bet on a generation of growth across Canadian industry.
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Bhudev Bhagaliya is an experienced and senior journalist who has carved a distinct niche for himself in the world of Hindi journalism through his profound understanding and precise writing style. With over two decades of experience in the field of journalism, he has held key responsibilities at Dainik Hindustan for 12 years and at Amar Ujala for one year. Currently, he serves as the Content Editor for the Jagrook Youth News newspaper and portal, where he plays a crucial role in ensuring the quality and credibility of the news content. Bhudev Bhagaliya consistently writes about issues that help raise awareness within society and among the younger generation.