Defence Minister David McGuinty says Canada has now officially joined the European Union’s Security Action for Europe (SAFE) program, which offers loans to member states to invest in defence capabilities.
“The agreement strengthens our collective security, supports the development of key defence capabilities, and gives Canadian industry access to European defence markets while contributing to European and Ukrainian security,” McGuinty said in a statement sent to CBC News.
Canada joined in late 2025 with an upfront participation contribution of about €7.5 million (in 2026) plus an administrative fee of €2.5 million, totaling around €10 million for preferential access.
