Prime Minister Carney Launches New Defence Investment Agency to Bolster Canadian Armed Forces

In a move to modernize Canada's defence capabilities, Prime Minister Mark Carney announced the creation of the Defence Investment Agency on October 2, 2025. This new body is designed to overhaul the country's fragmented procurement system, which has long delayed the delivery of critical equipment to the Canadian Armed Forces (CAF).

The current setup, spread across multiple departments, has been criticized for being slow, overly bureaucratic, and insufficiently engaged with industry partners. As a result, CAF members have faced waits of years—or even decades—for vital gear, hindering their ability to respond to fast-changing security challenges. "Canada’s defence procurement is currently fragmented across several departments, slow to consult industry, and too complicated to respond to rapidly evolving military needs," the Prime Minister's office stated in the release.

Under the new government's agenda to rebuild, rearm, and reinvest in the military, the agency will prioritize efficiency and collaboration. By centralizing decision-making and fostering closer ties with defence contractors, it aims to ensure that service members receive the tools they need precisely when required. "With the right tools in their arsenal, we will reinforce Canada's sovereignty and contribute to a safer world," Carney emphasized.

This initiative comes at a time of heightened geopolitical tensions, with Canada seeking to enhance its role in international alliances like NATO. The agency will focus on accelerating investments in areas such as advanced weaponry, cybersecurity, and logistical support, potentially injecting fresh momentum into the domestic defence industry.

While details on the agency's structure and initial budget remain forthcoming, the launch signals a commitment to agility in defence spending. For the full announcement, read the original release from the Prime Minister's Office.