Story perspectives

Bill C-40 Creates New Defence Investment Crown Corporation

By Drooid · Oct 10, 2026, 3:02 AM UTC · How we work

Summary

Story summary

Bill C-40 will convert the Defence Investment Agency into the Crown corporation Canadian Corporation for Defence Investment.
The corporation will negotiate contracts and invest in defence production.
It can loan up to $1 billion.
Funding will mainly come from government appropriations, with a $100-million contract floor for small firms.
Defence Minister David McGuinty promised oversight, auditor-general audits, and warned of accountability risks.

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Story summary

Bill C-40 will convert the Defence Investment Agency into the Crown corporation Canadian Corporation for Defence Investment.
The corporation will negotiate contracts and invest in defence production.
It can loan up to $1 billion.
Funding will mainly come from government appropriations, with a $100-million contract floor for small firms.
Defence Minister David McGuinty promised oversight, auditor-general audits, and warned of accountability risks.