Britain and Canada ended talks to merge their defense financing banks after failing to agree on a location for a joint institution and terms of future membership. UK Chancellor John Healey is backing a separate initiative, a move that may be seen as a snub to Canadian Prime Minister Mark Carney.
WHO:The UK and Canada
WHAT:The UK and Canada ended talks to merge their defense financing banks.
WHEN:Reported Oct 25, 2026 at 3:09 PM ET
WHERE:United Kingdom and Canada
WHY:The talks ended after the countries failed to agree on the location of a joint institution and future membership terms.
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