The Globe and Mail reports in its Wednesday edition that Scotiabank is planning to issue Canadian defence bonds to help raise capital for companies as the financial sector moves to support Ottawa's ambitions to build a defence industrial base at home. The Globe's Pippa Norman writes that the bank published guidelines Tuesday to provide transparency to investors and industry about how it will finance and refinance activities in the sector through financial instruments. Using bonds, for example, Scotiabank will raise capital from investors, which it will then use to help finance loans to Canadian defence companies. Defence has hardly been a priority for Canadian financial institutions in recent history and the domestic industry has long lamented the difficulties it has faced while searching for capital at home, often requiring it to turn to investors overseas for support. While change is occurring gradually in this regard in Canada, it is still a challenge cited by many companies, similar to defence procurement, that will take time to meaningfully change. Earlier this year, all of Canada's Big Six banks signed on to support the Defence, Security and Resilience Bank, a new multinational bank to be headquartered in Canada.