Canadian companies will be eligible to sell military goods to European Union members that use a $244-billion loan program to beef up their armed forces and replenish materiel they have supplied to Ukraine, Prime Minister Mark Carney announced. Defence Minister David McGuinty refused to say how much Canada will pay into the pot, on the grounds that the terms are still being finalized. (The Logic)

Talking point: Talks between the EU and the United Kingdom collapsed over the U.K.’s entry fee; the EU reportedly wanted €2 billion, after dropping an initial demand for as much as €6.75 billion. EU countries can use loans sponsored by the union’s Security Action for Europe program to buy weapons, ammunition, vehicles and other gear from participating countries; McGuinty said it unlocks billions of dollars in opportunities for Canada, as the only full participant that isn’t in Europe. Industry Minister Mélanie Joly recently announced a similar deal in the space sector.