Ontario Launches Bid to Make Toronto Home to Defence, Security and Resilience Bank

December 17, 2025

As a global financial services hub, the country’s economic engine and a centre of technology, research and international business, Toronto brings together the conditions a major global institution needs to operate successfully.

Toronto’s advantages include stable capital markets, sophisticated investors, a deep talent base, reliable global transportation links, extensive consular services and a predictable, rules-based environment within a G7, NATO-allied country.

The DSRB is a multilateral lending institution modelled after the World Bank. The bank is designed to meet the complex security needs of democratic nations by providing long-term credit and liquidity to industry suppliers of all sizes, as well as helping streamline multinational procurement.

The DSRB is expected to create approximately 3,500 skilled jobs and countless more secondary jobs that would strengthen Canada’s capacity to finance defence, security and resilience projects.

Headquartering the DSRB, and the long-term economic benefits it would bring, is a once-in-a-generation opportunity that would benefit every part of the country.

Toronto’s selection as Canada’s choice will give us the best possible chance of securing these benefits for all Canadians.