"But Reed said Canada is well-positioned to be chosen. Our prime minister understands better than other, most world leaders what a multilateral bank can do, on a multi-layer effect, for the economy, Reed said. So it's not certain, but I think we're in a good spot going into those negotiations, he said. If picked, Prime Minister Mark Carney will decide which city it will be located, Reed said, adding the decision could come in the first quarter of 2026."
"Toronto hopes to house the headquarters of a multinational bank funding defence and security initiatives of democratic countries. Ontario premier Doug Ford and Toronto Mayor Olivia Chow announced the city's bid to host the Defence, Security and Resilience Bank (DSRB) on Wednesday. Canada is one of several countries being considered to host the international bank that would serve about 40 countries by financing security needs."
Toronto is seeking to host the Defence, Security and Resilience Bank (DSRB), a multinational bank proposed to finance defence and security initiatives for democratic countries. Ontario premier Doug Ford and Toronto mayor Olivia Chow announced the city's bid at the TMX Market Centre with business and Indigenous leaders present. The DSRB would serve about 40 countries by financing security needs and the headquarters is expected to create over 3,500 jobs. Negotiations among roughly 12 principal member nations will shape the bank's governing framework, with a hosting country decision expected in early January and a possible city selection in early 2026. Toronto's finance, AI and cybersecurity expertise is highlighted as an asset.
Read at www.cbc.ca
Unable to calculate read time
Collection
[
|
...
]