The Swedish deal, the defence bank and the West’s awakening from its long dream
May 29, 2026
Canada is moving away from heavy dependence on the United States by rebuilding domestic defence production and helping create a new multinational “defence bank” meant to fund long‑term military capacity across democratic allies. Writing in The Globe and Mail, Dr. Laurence B. Mussio and Dr. Jessica M. Lomas analyze this shift in Canadian defence strategy. They look at what it is, why it’s needed and Canada’s role, examining the historical echoes and the challenges ahead.