The Globe and Mail reports in its Thursday edition that Ontario Premier Doug Ford has endorsed Toronto as his pick for the headquarters of a new multinational bank dedicated to financing defence projects, if Canada is confirmed as host nation for the institution. The Globe's Pippa Norman writes that Toronto is one of a handful of Canadian cities, including Ottawa, Montreal and Vancouver, pitching to headquarter the Defence, Security and Resilience Bank being established by NATO members and their Indo-Pacific allies. If the bank lands in Canada, it is expected to create 3,500 jobs in defence finance, according to Kevin Reed, president of the bank's development group. Participation in the bank would also be a sea change for Canada, where the big banks have traditionally shunned the defence sector. "History will view 2025 as the year that our allied capital markets and banks swung full force supporting defence and security," Mr. Reed said at a news conference in Toronto, where Mr. Ford made his announcement Wednesday. Despite the eagerness of some of Canada's largest cities, the federal government has yet to confirm the country's participation in the DSRB. RBC and JPMorgan have already signed on to help establish the DSRB.