Recently Canada was selected to host what is being called a NATO bank. Its official name is Defence, Security, and Resilience Bank (DSRB) & its mission is to provide low cost loans to NATO members & allies (read Ukraine) to purchase weapons. No country has committed actual dollars to fund the bank other than Canada.
So the word on the street is that Carney gained the support of the EU based NATO members to become the host for the bank by assuring them that Canada would buy the joint Norwegian/Germany [submarine] bid. That’s $100 billion taxpayer dollars being used to gain a prestigious (in Carney’s mind) bank which inflates his status in NATO.
“My prime minister said we should not aim for perfection before launching this initiative, that we should rally the countries that are ready to be called founding members, and then the membership will stay open,” Hudon said.
The project’s fate remains uncertain without the backing of nations crucial to it securing a triple-A credit rating.


