Will Carney's new defence bank actually strengthen national security?

Will Carney's new defence bank actually strengthen national security?

July 20, 2026 · 14 min

About this episode

Richard Shimooka discusses Canada's Defence, Security and Resilience Bank initiative and its implications for national security.

Richard Shimooka, The Hub's defence and security analyst and senior fellow at the Macdonald-Laurier Institute, discusses Canada's Defence, Security and Resilience Bank (DSRB) initiative. He explains how the institution aims to fund small and medium-sized defence enterprises facing capital access challenges, why few major allies have joined, and the growing skepticism toward the project. He also explores the tensions between Canada's diversification strategy and its deep integration with U.S. defence industries, questioning whether performative announcements address real wartime production needs. The Hub is Canada’s fastest growing independent digital news outlet. Subscribe to The Hub's podcast feed to get our best content when you are on the go: https://tinyurl.com/3a7zpd7e (Apple) https://tinyurl.com/y8akmfn7 (Spotify) Follow The Hub on X: https://x.com/thehubcanada?lang=en CREDITS: Amal Attar-Guzman - Producer and Editor  Rudyard Griffiths - Host Darren Calabrese/The Canadian Press - Photo Credit Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Host: Rudyard Griffiths

Guest: Richard Shimooka

Mentioned in this episode

Organizations: Macdonald-Laurier Institute, Canada's Defence, Security and Resilience Bank, The Hub, U.S. defence industries, Hub Canada Media

Places: Canada

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