The federal government has yet to fire the starting pistol or even map out the course, but contenders are racing to launch their bids to host the headquarters of a new global bank.

Mark Carney wants the U.K. and Germany to join Canada’s new defence bank, says lead negotiator [Read Full Article] @WorldNews #UKGermanyCanada #DefenceBank #WorldNewsPolicy

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It is home to global insurers, pension funds with deep infrastructure and project-finance experience, and the right workforce

Canada, along with international partners, is establishing the Defence, Security and Resilience (DSR) Bank, the first multilateral lender dedicated to the emerging security economy. Christopher Skeete argues that Montreal is the most suitable location for this institution due to its unique combination of financial, industrial, and diplomatic advantages. Montreal is a bilingual city with French as the official language and widespread use of English in business and international relations. It hosts over 70 international organisations, including the International Civil Aviation Organisation, making it a hub for multilateral diplomacy. The city also boasts North America's third-largest aerospace cluster, with over 230 companies and 43,000 jobs, and significant contributions to Canadian defence exports and research and development. Montreal's AI research concentration, led by Mila, is integrated into defence and dual-use applications, providing the technological foundation for the bank's mandate. Additionally, the city has a well-established financial ecosystem, including global insurers and pension funds experienced in infrastructure and project financing, capable of supporting the bank from day one. Overall, Montreal meets all critical criteria for hosting the DSR Bank, bridging North American and European defence-finance communities while offering the industrial and diplomatic infrastructure needed for a multilateral institution of this scale.

Canada, along with international partners, is establishing the Defence, Security and Resilience (DSR) Bank, the first multilateral lender dedicated to the emerging security economy. Christopher Skeete argues that Montreal is the most suitable location for this institution due to its unique combination of financial, industrial, and diplomatic advantages. Montreal is a bilingual city with French as the official language and widespread use of English in business and international relations. It hosts over 70 international organisations, including the International Civil Aviation Organisation, making it a hub for multilateral diplomacy. The city also boasts North America's third-largest aerospace cluster, with over 230 companies and 43,000 jobs, and significant contributions to Canadian defence exports and research and development. Montreal's AI research concentration, led by Mila, is integrated into defence and dual-use applications, providing the technological foundation for the bank's mandate. Additionally, the city has a well-established financial ecosystem, including global insurers and pension funds experienced in infrastructure and project financing, capable of supporting the bank from day one. Overall, Montreal meets all critical criteria for hosting the DSR Bank, bridging North American and European defence-finance communities while offering the industrial and diplomatic infrastructure needed for a multilateral institution of this scale.

Canada’s Big Six banks have all put their support behind the proposed international Defence, Security and Resilience Bank (DSRB).