"“There's only one city in Canada that can truly provide everything the bank needs, and that city is Toronto,” said Premier Doug Ford during a Tuesday morning appearance at Toronto Metropolitan University.”"
"“Toronto is where Canada's financial leadership lives. We are ready to welcome this institution to our city. We have the assets here to compete,” said Toronto Mayor Olivia Chow on Tuesday, with other speakers stressing Toronto's high concentration of bank headquarters, universities, STEM graduates and prominent law and accounting firms. The stock exchange is here. The bond rating agencies are here. It isn't to disparage [others], it's just a fact. We have the assets here to compete, said Blake Hutcheson, CEO of the OMERS pension plan."
"“Ontario is the heart of Canada's industrial base, and as pressures build on traditional sectors in Ontario, such as automotive, there's a real opportunity to transition skilled workers,” said Shaun Padulo, Ontario Shipyards CEO. Ford, along with Padulo, also emphasized the province's industrial capacity. Ford says the province has yet to receive clarity from Ottawa on what criteria will be used to choose the host city, though the province has already chosen a downtown building that could serve as the bank's interim headq"
Canada was selected to host the multinational Defence, Security and Resilience Bank, which will provide NATO members and allies with long-term, low-cost financing for defence, security, and resilience initiatives. Toronto, along with Montreal, Ottawa, and Vancouver, is competing to serve as headquarters, with up to 3,500 direct jobs at stake. Ontario’s premier and Toronto’s mayor argue Toronto offers the necessary concentration of bank headquarters, universities, STEM graduates, and major law and accounting firms, along with the stock exchange and bond rating agencies. OMERS’ CEO says Toronto has the assets to compete. Ontario leaders also cite industrial capacity and the opportunity to transition skilled workers as traditional sectors face pressure.
Read at www.cbc.ca
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