European Commission President Ursula von der Leyen delivers a speech with Prime Minister Mark Carney, right, at the annual State of the European Union at the European Parliament in Strasbourg, France on Wednesday, Sept. 16, 2026. (AP Photo/Pascal Bastien)
European Investment Bank applies for exemption from foreign bank status
Oct 16, 2026 | 12:50 PM
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OTTAWA — The European Investment Bank has applied for an exemption from foreign bank status in Canada, a move that would bring the lending arm of the European Union one step closer to operating here.
The request was published today in the Canada Gazette, the government’s weekly publication listing new regulations and official notices.
The bank and the Canadian government signed a letter of intent in March committing to look for new ways to work together in areas like critical minerals.
The goal of that letter is to help ensure stable supply chains for various minerals and metals used in the clean energy, tech and defence sectors.
