New tower proposed for Montreal’s defence bank bid

Montreal's business community is proposing to repurpose several floors of a planned $200-million downtown tower to host the headquarters of a new multinational defence bank. Canada was selected to host this bank, which will finance defence projects for NATO members and allies, with several Canadian cities competing for the host city designation. The proposal aims to strengthen Montreal's bid against other cities, including Toronto, which has also secured a potential headquarters location.

• •Montreal proposes tower space for defence bank HQ.
• •Canada selected to host multinational defence bank.
• •Multiple Canadian cities compete for host city status.