Opinion: Toronto is the natural home for the Defence, Security and Resilience Bank |
Canadian cities should not fight among themselves. Canada's financial capital is the clear choice for this country's bid
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With global security and our world order increasingly at risk, financing has become a critical enabler of defence, resilience and economic security.
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That is the logic behind the Defence, Security and Resilience Bank (DSRB), a proposed multilateral lender being developed with support from both Canadian and global financial institutions. And the logical home for this new bank is in Canada’s global financial centre: Toronto.
The stakes are high. Allied democracies are being pushed to modernize at speeds rarely seen in peacetime procurement cycles. We need to harden critical infrastructure, counter cyber threats and rebuild dangerously thin security supply chains. From drones to undersea cables, the capabilities we need come from innovative companies around the globe. Our challenge is not ambition or expertise; it is ensuring capital can move at speed and scale, with the confidence of markets.
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