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Ontario Premier Pushes Toronto for NATO Defense Bank

12/18/2025

Summary

Story summary

Ontario Premier Doug Ford urges Toronto to host the Defence, Security and Resilience Bank, competing with Ottawa, Montreal, and British Columbia.
Ottawa Mayor Mark Sutcliffe and British Columbia Premier David Eby back their cities, citing Ottawa's defense leadership and B.C.'s coastal position.
Canada commits to raising its defense budget to five percent of GDP by 2035, while the bank aims to boost North Atlantic Treaty Organization (NATO) defense spending.

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Story summary

Ontario Premier Doug Ford urges Toronto to host the Defence, Security and Resilience Bank, competing with Ottawa, Montreal, and British Columbia.
Ottawa Mayor Mark Sutcliffe and British Columbia Premier David Eby back their cities, citing Ottawa's defense leadership and B.C.'s coastal position.
Canada commits to raising its defense budget to five percent of GDP by 2035, while the bank aims to boost North Atlantic Treaty Organization (NATO) defense spending.