Oshawa supports Toronto as strongest bid for the new global defence bank

The City of Oshawa proudly joins leaders across the Greater Toronto Area in supporting the recently announced Defence, Security and Resilience (DSR) Bank. 

Oshawa Mayor Dan Carter is among mayors from across the G.T.A. backing Toronto as Canada’s strongest bid for the new global defence bank headquarters. This open letter reinforces a broader coalition of business, financial and academic leaders advancing Toronto’s bid, and highlights the region’s economic strength, talent and capacity to deliver.

The DSR Bank will be a multilateral institution designed to mobilize long-term capital to strengthen defence capabilities, secure supply chains, and enhance resilience across allied nations. Anchored in Canada’s deepest capital markets, it will play a critical role in accelerating defence innovation and supporting projects that protect communities and partners around the world.

The City of Oshawa is uniquely positioned to convert capital into tangible industrial capacity in alignment with the Federal Government’s Defence Industrial Strategy. Oshawa’s National Defence Innovation Corridor brings together advanced manufacturing, world‑class testing facilities, multimodal logistics, cybersecurity, applied AI research and a skilled workforce — all within a single, connected ecosystem ready to support defence procurement, testing and deployment. Key assets include the ACE Climatic Wind Tunnel (a NATO DIANA-designated facility) located at Ontario Tech University, Durham College’s AI/Hub and Centre for Cybersecurity Innovation, the Port of Oshawa, Oshawa Executive Airport, CN and CPKC rail networks and Oshawa Power’s resilient infrastructure.

By aligning a Toronto‑based Defence Bank with regional hubs like Oshawa, Canada can enable rapid, secure and scalable industrial responses to defence needs – while creating high-quality jobs and strengthening domestic supply chains.

The City of Oshawa is well positioned and ready to partner with federal and provincial governments, post‑secondary institutions, and private sector leaders to deliver major projects supported by the DSR Bank.

To learn more about the City of Oshawa's National Defence Innovation Corridor, visit oshawa.ca/Defence  

To learn more about the open letters in support of a Toronto-based Defence, Security and Resilience Bank, visit Defence bank open letter | Toronto Global and GTA Mayors Open Letter | Toronto Global.