Skip to content
The government said Tuesday it intends to issue a “resilience bond” to fund defence projects if the Defence, Security and Resilience Bank (DSRB) is located in the province. It described the bond initiative as the first of its kind in Canada. (The Logic)
Talking point: Ottawa is also bidding to host the bank, though the province’s press release framed the bond proposal as an expression of support for Toronto’s bid. Ontario would issue the bond through its Sustainable Bond Framework, initially introduced to support projects with both green and social objectives. The province also said it would deploy its $4 billion Protect Ontario Account Investment Fund to attract capital to Canada and Ontario’s defence sector, while helping the DSRB find both an interim and permanent headquarters. The competition to host the bank has intensified since participating countries chose Canada as host. The other contenders are Montreal—where the initial DSRB negotiations took place—and Vancouver. The federal government has yet to outline how the selection process will work.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Coinbase wants to put bots on the blockchain
Briefing
Canadian businesses want Ottawa to hold out for a better U.S. trade deal: KPMG survey
Online banks are attracting younger Canadians, report shows
Lightspeed cuts 250 jobs through layoffs and attrition
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
