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A new multilateral Defence, Security and Resilience Bank aims to assist Canada and its allies in bolstering military capabilities amid rising global threats, with plans for a potential presence in Toronto. The bank, backed by member nations, would enable quicker military procurement and provide credit guarantees to commercial banks, thereby facilitating access to funds for defense-related industries. President Kevin D. Reed envisions significant equity raised over time, potentially reaching $400-500 billion, to support enhanced military spending and responsiveness.
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