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Doug Ford says he won’t attack other bids in his push for Toronto as defence bank HQ

Ford says Toronto has the financial depth the multinational bank needs as Ontario offers a temporary site and help finding a permanent one.

  • On Tuesday, Ontario Premier Doug Ford pitched Toronto as the ideal location for the Defence, Security and Resilience Bank, citing the city's unmatched financial hub and manufacturing expertise.
  • Toronto, Montreal, Ottawa, and Vancouver are vying to host the facility, which will provide financing for defence projects within North America for NATO members and allies.
  • Ford emphasized Toronto's status as a major financial hub, stating "There's only one city in Canada that can truly provide everything the bank needs" for the project.
  • While Quebec politicians lobby for Montreal, Ford denied attacking other cities' bids, even offering a "Go Habs!" cheer for Montreal's hockey team during the news conference.
  • Ottawa has yet to clarify selection criteria for the host city, though Ford noted the province has prepared a temporary location at Simcoe Place to help operations begin immediately.
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Winnipeg Free PressWinnipeg Free Press
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Doug Ford says he won't attack other bids in his push for Toronto as defence bank HQ

TORONTO - Ontario Premier Doug Ford says he doesn't believe in attacking other cities' bids to host a multinational defence bank as he makes his own pitch for Toronto as the best choice for the project.

·Winnipeg, Canada
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Canada was chosen to host the headquarters of the future Defence, Security and Resilience Bank (DSR Bank), a new multilateral financial tool to increase military spending in member countries. Now, it remains to be determined which city — among Montreal, Ottawa, Toronto and Vancouver — will be selected to host it. The municipal authorities and the provincial governments concerned immediately mobilized to defend their candidacy. In Quebec, the CAQ…

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pressegauche.org broke the news on Tuesday, May 12, 2026.
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