Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials HomeNewsMontreal firms pitch $250 million tower to lure NATO-linked bankMontreal and Toronto, Canada’s two largest business and financial centres, are seen as leading candidates for the DSRBAuthor of the article: You can save this article by registering for free here. Or sign-in if you have an account.One of the proposed spots would be located at a key site in the city’s downtown next to the historic Sun Life building. The complex would include office space, a hotel section and a business club. Photo by Dave Sidaway/THE GAZETTECanada’s largest cities are competing to host the future headquarters of a specialized bank for defence lending, and developers in Montreal are trying to boost that region’s bid with a proposed $250 million building to house it.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Subscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountorThe Defence, Security and Resilience Bank, which is backed by countries within the North Atlantic Treaty Organization and by financial institutions such as JPMorgan Chase & Co., is still in the planning stages. If it gets off the ground, the bank would offer long-term financing for defence and security businesses, which will need access to capital for growth as NATO countries dramatically increase their military budgets in the years ahead.Canada secured support from other nations to host the bank’s headquarters in April, though it has yet to be ratified. Local governments and businesses in Montreal, Toronto and other cities are pressing their case to win it.Breaking business news, incisive views, must-reads and market signals. Weekdays by 9 a.m.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Posthaste will soon be in your inbox.We encountered an issue signing you up. Please try againThe 38-floor tower has been proposed by Montreal firms Groupe Tsatas, Sid Lee Architecture and Rosefellow. It would be located at a key site in the city’s downtown next to the historic Sun Life building. The complex would include office space, a hotel section and a business club.Montreal and Toronto, Canada’s two largest business and financial centres, are seen as leading candidates for the DSRB. The head of pension manager Caisse de Depot et Placement du Quebec made a public case this week that Montreal is the best option.“Montreal is one of the three largest defence and aerospace hubs in the world,” said Charles Emond, chief executive of La Caisse. “If there were an oil bank, it would be located in Calgary, not Toronto.”The Canadian government is still far from making a decision on which city would host the headquarters if the bank moves ahead, according to a person familiar with the matter, speaking on condition they not be identified discussing private deliberations.—With assistance from Melissa Shin. 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