B.C. supports hosting new defence bank in Vancouver

British Columbia is backing a private bid to host the proposed Defence, Security and Resilience Bank in Vancouver, which would finance military projects for NATO members and allied democracies. Toronto, Montreal and Ottawa are also under consideration in the international hosting competition.

British Columbia's government has announced its support for a private bid to locate the proposed Defence, Security and Resilience Bank in Vancouver. The bank is intended to finance military projects for NATO members and allied democratic countries. Provincial leaders and local business figures have framed Vancouver as offering strategic advantages for the institution. Other Canadian cities, including Toronto, Montreal and Ottawa, have also been offered as potential headquarters. Key points: - The provincial government is backing a private bid to host the Defence, Security and Resilience Bank in Vancouver. - The bank is described as a financing institution for military projects involving NATO members and allied democracies. - Competing Canadian cities for the headquarters include Toronto, Montreal and Ottawa. - Bridgitte Anderson, president and CEO of the Greater Vancouver Board of Trade and head of the bid committee, said locating the bank in Vancouver would provide strategic advantages and highlighted the city's connections to Europe, the Pacific and the Arctic. - Premier David Eby framed Vancouver as the strategic or obvious choice if Canada wins the international hosting competition. Summary: The provincial backing advances Vancouver's bid in the international competition to host the Defence, Security and Resilience Bank and highlights regional economic and security considerations. The proposal remains one of several bids within Canada and internationally. Undetermined at this time.