Team Ontario United Behind Toronto’s Bid to Host the Defence, Security and Resilience Bank

May 12, 2026

As a stable and trustworthy partner for our allies in an increasingly uncertain world, a successful DSRB has the potential to turn Canada into a global capital for defence financing and manufacturing, creating historic opportunities for Canadian workers, strengthening our economy and expanding our influence on the international stage for decades to come.

Attendees in support of Toronto’s bid included representatives from across Ontario, reflecting the benefits that Toronto’s selection would bring to communities across the province. Mayors, councillors, provincial cabinet ministers and federal members of Parliament, including members of the federal Liberal caucus, were also in attendance.

As a global financial services hub, Toronto’s unmatched strengths and the province’s readiness to support the DSRB’s long-term success and global mandate make it the clear choice for its Canadian location.

Ontario’s plan to support the bank’s immediate success includes:

• Helping establish both an interim and long-term headquarters for the bank, with a potential interim headquarters already identified through the province’s existing property portfolio at 200 Front Street West
• Leveraging the $4 billion Protect Ontario Account Investment Fund to attract investment capital to Canada and Ontario’s defence industry
• Intending to issue a minimum $500 million Resilience Bond to fund defence projects, which would be the first of its kind in Canada. This would include the DSRB if it were to be located in Ontario, through an Ontario Sustainable Bond Framework.

Team Ontario is united behind Toronto’s bid to host the bank because Toronto is the only city in Canada with the resources, workforce and international connections to make the bank an immediate success and fully realize the benefits it will bring to all of Ontario and Canada.