As the feds prepare to accelerate defence spending , Business Development Bank of Canada ( BDC ) president and CEO Isabelle Hudon says that the Crown corporation is gearing up to serve the country’s defence tech sector in “a less shy” and “more aggressive way.”

“We are getting ready—the whole bank—to make this sector a strategic one to support,” Hudon told BetaKit in an interview about the bank’s latest annual report .

“It’s a 360-[degree] project at the bank.”

Those fiscal 2025 results state that the federal government-funded BDC increased venture capital (VC) investments while once again marking down its VC portfolio. BDC also increased provisions for expected loan losses to reflect the potential hit of United States (US) tariffs on Canadian small and medium-sized businesses (SMBs) it

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