Which Canadian city should host the new international defence bank?
By Judy Trinh
Published: May 13, 2026 at 8:21AM EDT
Judy Trinh reports on the race to host Canada's new Defence Security Resilience Bank, as major cities lay out their bids on why they should be chosen.
Ottawa Mayor says city has a strong case for defence bank headquarters. The capital city is positioning itself as the natural choice given its proximity to federal government institutions and existing security infrastructure. Other contenders include Toronto, Vancouver, and Calgary, each highlighting unique advantages such as financial expertise, transportation links, or defence industry clusters.
The Defence Security Resilience Bank is intended to provide financial services and stability for defence-related projects among allied nations. The selection process involves evaluating economic benefits, security considerations, and international accessibility.
Proponents argue that hosting the bank would bring significant economic activity, high-skilled jobs, and international prestige to the chosen city. The decision is expected later this year following consultations with federal officials and international partners.
