The Globe and Mail reports in its Saturday edition that Canada is officially assuming a leadership role in the establishment of a new multinational bank dedicated to financing defence projects. The Globe's Pippa Norman writes that the country was one of 13 at a meeting Friday morning, co-hosted by Ottawa and the Defence, Security and Resilience Bank, or DSRB, which will help fund a sector that has been traditionally shunned by financial institutions in Canada. In a post to X on Friday afternoon, federal Finance Minister François-Philippe Champagne said, "Canada was pleased to host discussions with more than ten nations today on the Defence, Security and Resilience Bank -- an initiative to bring together like-minded partners to mobilise capital and support collective security." It is unclear who the other anchor nations are but participating countries will include NATO members. Canada's financial contribution to DSRB could be more than $1-billion. Initial contributions made by NATO members will count toward their commitment to spend the equivalent of 5 per cent of gross domestic product on defence. RBC is the first Canadian institution to announce its support of the DSRB, alongside JPMorgan and several European banks.