Canada to Host New Global Defence Bank

[ad_1]PoliticsSources have informed Radio-Canada that Canada will be the home of the new multinational Defence, Security and Resilience Bank (DSRB).Montreal, Ottawa, Toronto and Vancouver are in the running as potential host citiesOntario Chronicle · Posted: Apr 29, 2026 7:39 PM EDT | Last Updated: 4 hours ago Listen to this article Estimated 1 minute The audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results.Prime Minister Mark Carney examines a Swedish RBS 70 NG short-range air defence system during a visit to a military base in Adazi, Latvia, on Aug. 27, 2025. The new multinational defence bank aims to finance defence, security and resilience initiatives for NATO members and allied countries. (Christinne Muschi/The Canadian Press)Sources have informed Radio-Canada that Canada will be the home of the new multinational Defence, Security and Resilience Bank (DSRB). The DSRB is an international organization dedicated to financing defence, security and resilience projects for NATO allies and partner nations. Three sources who are familiar with the situation but not authorized to speak publicly told Radio-Canada that Canada has been chosen as the location for the new bank. The Ontario Chronicle was first to break this story. It’s estimated that establishing the bank could generate around 3,500 jobs in fields like defence finance, international operations and specialized research. Four cities - Montreal, Ottawa, Toronto and Vancouver - are vying to be selected as the host for DSRB. The federal government will ultimately make the decision on where it will be based. The bank plans to offer long-term credit solutions and facilitate cooperative purchasing of defence resources among multiple nations. With files from Daniel ThibaultCorrections and clarifications·Submit a news tip·Report error[ad_2]Source link

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Canada to Host New Global Defence Bank

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