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BumRushDaShow

(172,391 posts) Thu Apr 30, 2026, 06:31 AM Apr 30

Canada will be the headquarters for a future NATO-linked financial institution, official says

Source: AP

Updated 6:48 PM EDT, April 29, 2026

TORONTO (AP) — Canada has been selected as the headquarters for a new, financial institution led by NATO and designed to reduce borrowing costs for members of the alliance, a senior government official said on Wednesday.

According to the official, the decision was reached after negotiations hosted by Canada involving nearly 20 founding members of NATO’s proposed Defense, Security and Resilience Bank, or DSRB. The financial institution is meant to help NATO members and partner countries meet their defense spending commitments and reduce borrowing costs for military spending by pooling credit strength.

The official spoke to The Associated Press on condition of anonymity as they were not authorized to speak ahead of an official announcement. The official said they did not know which city in Canada would be the institution’s headquarters.

Earlier, Ontario Premier Doug Ford cited a report about Canada being selected as the headquarters and pitched in a post on social media that it be in Toronto, saying it’s “an opportunity to put Canada” at the center of global defense finance and manufacturing.

Read more: https://apnews.com/article/nato-defense-bank-canada-a94faa902effedd2df071a2894991941

6 replies

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Highlight:

Canada will be the headquarters for a future NATO-linked financial institution, official says (Original Post) BumRushDaShow Apr 30 OP

Good............... Lovie777 Apr 30 #1

Trump would see it as just another pot of money to steal. Irish_Dem Apr 30 #2

Next, the United Nations will decide to move their headquarters out of New York. Lonestarblue Apr 30 #3

Excellent choice. Keep your friends close and your enemies closer. twodogsbarking Apr 30 #4

NATO sans US is on a roll delisen Apr 30 #5

Trump just killed the US defense industry's export business. ChicagoTeamster Apr 30 #6

Lovie777

(23,765 posts)

1. Good...............

Reply to BumRushDaShow (Original post)

Thu Apr 30, 2026, 06:41 AM

Apr 30

at this point in time, the good ole USA would misuse it.

Irish_Dem

(82,390 posts)

2. Trump would see it as just another pot of money to steal.

Reply to Lovie777 (Reply #1)

Thu Apr 30, 2026, 07:41 AM

Apr 30

Lonestarblue

(13,562 posts)

3. Next, the United Nations will decide to move their headquarters out of New York.

Reply to BumRushDaShow (Original post)

Thu Apr 30, 2026, 07:57 AM

Apr 30

Trump's US has become inhospitable to international organizations unless they pay him money and give him shiny gold objects.

twodogsbarking

(19,373 posts)

4. Excellent choice. Keep your friends close and your enemies closer.

Reply to BumRushDaShow (Original post)

Thu Apr 30, 2026, 08:26 AM

Apr 30

delisen

(7,423 posts)

5. NATO sans US is on a roll

Reply to BumRushDaShow (Original post)

Thu Apr 30, 2026, 09:26 AM

Apr 30

They have a good thing going.

ChicagoTeamster

(1,268 posts)

6. Trump just killed the US defense industry's export business.

Reply to BumRushDaShow (Original post)

Thu Apr 30, 2026, 09:32 AM

Apr 30

Fort Benning GA used to host the annual International Infantry Conference which mot only featured demonstrations and competitions, vendors displayed their rifles, machine guns, mortars and weapons systems, infantry fighting vehicles and support vehicles, command and control software, survival equipment and field gear, and high performance foods and hydrations systems.

On the aviation side, the NAS Oceana Air Show and the Miramar Air Show provide platforms for exhibitors to showcase "military-grade" technology, aerospace hardware, and other industry supporting products.

We'll see if this still holds true after Trump.

Europe and Canada are moving fast to replace the United States after Trump's threats to invade NATO countries and pull the US out of Europe. They're not going to sit back and wait to find out what happens if Russia or China become more aggressive. They're preparing to continue existing without the US in both trade and defense/diplomacy.

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