Ford Defends Toronto's Defence Bank Bid
Ontario Premier Doug Ford defended Toronto's bid to host a multinational defence bank, saying he won't attack rival Canadian cities.
May 13, 2026
1 min read
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Source: cp24.com
Ontario Premier Doug Ford on Tuesday defended Toronto's bid to host a multinational defence bank, saying he did not believe in attacking rival campaigns by other Canadian cities.
Ford made the comments after being asked during a news conference to respond to criticism from other municipal leaders. He emphasized that Toronto's proposal is strong and based on the city's financial infrastructure and global connectivity.
The proposed bank, part of NATO's innovation fund, would finance defence and security projects. Ford stated that Ontario's economy and Toronto's status as a financial hub make it an ideal location.
❓ Frequently Asked Questions
What is the multinational defence bank?
It is a proposed bank under NATO's innovation fund to finance defence and security projects.
Why is Toronto bidding to host it?
Toronto's financial infrastructure and global connectivity make it a strong candidate, according to Premier Ford.
Did Ford criticize other Canadian cities?
No, Ford said he does not believe in attacking rival campaigns by other Canadian cities.
