Canada has spent the last year shoring up defence spending. Now a new multilateral financial institution, the Defence, Security and Resilience Bank, is being established with the promise of offering stable financing to member countries. After months of negotiations, Canada was selected to be the bank’s host country last week.

Pippa Norman is the Globe’s innovation reporter, and also covers Canada’s defence industry. She’s going to explain what it means for Canada to host the bank and how this move fits into the country’s broader defence strategy.

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