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CIBC Commits $2B in Funding for Small- and Medium-Sized Defence-Related Firms

The bank is also expanding military banking services and building a national network of defence specialists to support financing and industry connections.

  • CIBC is committing $2 billion over five years to support small and medium-sized defence and dual-use businesses in Canada, reflecting confidence in Canadian firms, says chief executive Harry Culham.
  • As Ottawa boosts military spending, Canadian banks are shifting strategy away from past avoidance of the riskier defence sector to actively expand their financial services.
  • The initiative combines financing with a new network of defence specialists, while also expanding military banking programs for members of the Canadian Armed Forces and the Coast Guard.
  • Meanwhile, Royal Bank is launching a $1.4 billion fund for technology and defence companies, while National Bank hired Rick Hillier to advise on defence strategy.
  • These investments aim to help Canadian companies scale and strengthen domestic capabilities, which are becoming increasingly vital to the country's economic resilience and industrial competitiveness.
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16 Articles

BetaKitBetaKit
Center

CIBC commits $2 billion to financing smaller defence and dual-use businesses

Toronto-based bank joins BMO, RBC, and Canada’s other big banks in ramping up its support for defence. The post CIBC commits $2 billion to financing smaller defence and dual-use businesses first appeared on BetaKit.

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La PresseLa Presse
Lean Left

Defence Sector: CIBC Invests $2 Billion in SME Support

The Canadian Imperial Bank of Commerce (CIBC) announces that it is investing $2 billion in support of defence-related small and medium-sized enterprises as well as those engaged in dual-use activities in the civilian sector.

·Montreal, Canada
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Financial PostFinancial Post
Lean Right

CIBC commits $2 billion to help Canadian defence-related companies grow

Firms that can receive funding include ones in energy, cybersecurity, digital capability, infrastructure and advanced technology sectors.

·Toronto, Canada
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The Toronto StarThe Toronto Star
+9 Reposted by 9 other sources
Lean Left

CIBC commits $2B in funding for small- and medium-sized defence-related firms

TORONTO - CIBC says it is committing $2 billion to support small- and medium-sized businesses in the defence industry and those with dual uses in the civilian sector.

·Toronto, Canada
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The Globe & MailThe Globe & Mail
Center

CIBC commits $2-billion to help finance defence-related companies

Businesses eligible for the five-year program range across sectors deemed critical to the economy, such as infrastructure and energy

·Toronto, Canada
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Les AffairesLes Affaires

CIBC Announces $2 Billion Commitment to Contribute to the Development of Canadian Defence and Dual-Use Enterprises

This commitment will increase access to essential financing to help small and medium-sized enterprises across Canada grow.TORONTO, the 10th

·Montreal, Canada
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Winnipeg Free Press broke the news in Winnipeg, Canada on Thursday, September 10, 2026.
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