Canada Selected to Host Global War Bank, But We’re Organizing to Stop it Before it Can Get off the Ground

In response to campaigns that successfully forced institutions worldwide to divest from weapons of war, they are trying to create a new way to funnel billions directly to arms manufacturers. 

Hosting a new war bank, at the same time that Carney has pledged to more than triple Canada’s military spending, would be a commitment to support and fund a war-filled future. It would mean a foreign policy for Canada based on never-ending militarization and violence. Not to mention that ramping up military spending as Canada’s industrial and foreign policy is perhaps the worst possible way to do what Carney says he’s committed to – break our dependence on the United States. Canada’s arms industry is perhaps the single most U.S-dominated industry in the country. The DSRB will reinforce Canada’s current role as second- or third-tier supplier to the U.S. military industrial complex.