A new multilateral defence bank aims to help Canada and its allies build their militaries to meet looming threats in an increasingly hostile world while also giving Canadian industry a leg up when it comes to producing weaponry and military kit to tackle those threats head on. Article content

And its Canadian president is hoping it will have a major presence in Toronto. Article content Article content

Announced this past spring, the new Defence, Security and Resilience Bank could solve financial problems for countries, including Canada, that are under pressure to increase military spending beyond two per cent of their gross domestic product (GDP). Some estimates peg the more likely target as five per cent of GDP as Russia and China grow increasingly belligerent on the world stage.

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