Quebec Politicians Say Montreal Is ‘Logical’ Choice to Headquarter New Defence Bank

Quebec Politicians Say Montreal Is ‘Logical’ Choice to Headquarter New Defence Bank
People watch the Montreal skyline on Aug. 14, 2025. The Canadian Press/Christopher Katsarov
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A group of Quebec politicians are pitching Montreal as the “logical” choice to headquarter a new multinational defence bank, while downplaying whether Quebec referendum talk could hurt the city’s bid.

Quebec Economy Minister Bernard Drainville told reporters today that Montreal is the natural choice to host the new bank because of its strong financial and defence industries and because it hosts dozens of international organizations.