Mr. Speaker, recently Canada was selected to host the Defence, Security and Resilience Bank following negotiations among allied countries.
This decision reflects the confidence of our allies and will lead to the creation of a defence-funding institution, providing affordable loans and facilitating strategic investments.
As Canada's national capital region, Ottawa-Gatineau is uniquely positioned to host the DSRB. Home to more than 130 missions, it is a recognized defence and security innovation hub with world-class research institutions, cutting-edge laboratories and a rare ecosystem where government, industry, academia and the security sector work together.
Ottawa and Gatineau have the largest pool of specialized defence talent in the country, supported by a highly bilingual workforce.
I join my NCR colleagues and the mayors of Ottawa and Gatineau in strongly supporting Ottawa-Gatineau as the ideal home for the DSRB.