Toronto is ‘only city’ that can host new international defence bank: Ford

Ontario Premier Doug Ford speaks at Toronto Metropolitan University on May 12, 2026, during a news conference about the city’s bid to be Canada’s home for the Defence, Security, and Resilience Bank.

Citing the city’s high concentration of bank headquarters and financial services, Ontario leaders are arguing that Toronto’s the only viable choice for the new multinational Defence, Security and Resilience Bank.