Skip to Content Facebook Feature Image

Canada will be the headquarters for a future NATO-linked financial institution, official says

News

Canada will be the headquarters for a future NATO-linked financial institution, official says
News

News

Canada will be the headquarters for a future NATO-linked financial institution, official says

2026-04-30 06:48 Last Updated At:07:00

TORONTO (AP) — Canada has been selected as the headquarters for a new, financial institution led by NATO and designed to reduce borrowing costs for members of the alliance, a senior government official said on Wednesday.

According to the official, the decision was reached after negotiations hosted by Canada involving nearly 20 founding members of NATO's proposed Defense, Security and Resilience Bank, or DSRB.

The financial institution is meant to help NATO members and partner countries meet their defense spending commitments and reduce borrowing costs for military spending by pooling credit strength.

The official spoke to The Associated Press on condition of anonymity as they were not authorized to speak ahead of an official announcement. The official said they did not know which city in Canada would be the institution's headquarters.

Earlier, Ontario Premier Doug Ford cited a report about Canada being selected as the headquarters and pitched in a post on social media that it be in Toronto, saying it's "an opportunity to put Canada” at the center of global defense finance and manufacturing.

“As our nation’s financial capital, with a skilled workforce and unparalleled global connectivity, there’s no better place for the bank to be headquartered than Toronto,” Ford said.

Canadian Prime Minister Mark Carney’s government has said it will meet NATO’s military spending guideline.

NATO countries, including Canada, have pledged to spend 5% of their national GDP on defense. Carney said last year the government would meet the earlier 2% target this year, then later the same month committed Canada to reaching 5% by 2035.

European allies and Canada have already been investing heavily in their armed forces, as well as weapons and ammunition, since Russia launched an all-out invasion of Ukraine on Feb. 24, 2022.

U.S. President Donald Trump has previously complained that Canada doesn’t spend enough on its military.

Canada's Prime Minister Mark Carney, left, and Minister of Finance and National Revenue, Francois-Philippe Champagne, make their way to the House of Commons before the tabling of the spring economic update, on Parliament Hill, in Ottawa, Ontario, Tuesday, April 28, 2026. (Justin Tang/The Canadian Press via AP)

Canada's Prime Minister Mark Carney, left, and Minister of Finance and National Revenue, Francois-Philippe Champagne, make their way to the House of Commons before the tabling of the spring economic update, on Parliament Hill, in Ottawa, Ontario, Tuesday, April 28, 2026. (Justin Tang/The Canadian Press via AP)

NEW YORK (AP) — Mets center fielder Luis Robert Jr. remained out of the lineup Wednesday night against Washington and was sent for imaging, the latest issue for a New York team already in an early hole this season.

Robert missed his third straight game with tightness in his lower back and could land on the injured list.

“Didn't improve much after treatment yesterday, so he's getting an MRI right now to see what we're dealing with,” manager Carlos Mendoza said Wednesday afternoon. “We've got to wait and see what the MRI says and what's the plan of attack, if we need to put him on the IL or continue to be day-to-day. But, that's why we're taking a look at it.”

Acquired from the Chicago White Sox in a January trade, the oft-injured Robert got off to a strong start but has cooled off dramatically. He is 5 for 38 (.132) over his last 10 games dating to April 13 after batting .298 with 12 walks and an .866 OPS through his first 14 games.

The 28-year-old slugger from Cuba is hitting .224 overall with two homers, eight RBIs and a .656 OPS.

Tyrone Taylor was set to start in center field Wednesday, with MJ Melendez in left and rookie Carson Benge in right. Left fielder Juan Soto, hampered by forearm discomfort in his left (throwing) arm, was the designated hitter for the seventh consecutive game since returning last week from a right calf strain.

Robert, an All-Star in 2023, was limited to 210 games over the past two seasons with the White Sox due to hip and hamstring injuries.

“Every time you send someone for an MRI, you're always concerned. But given the history of Luis the past couple of years with injuries, and us trying to get to know the player, the personality, that's what we've got right now," Mendoza said.

"But again, we've got to wait. We're doing everything in our power to kind of keep him on the field, and hopefully this is just a minor thing that we're dealing with for a couple of days and he's back out there soon.”

Injuries are piling up for the disappointing Mets, who began the day 10-19 after beating the Nationals 8-0 in the series opener Tuesday for only their third victory in 18 games.

Star shortstop Francisco Lindor strained his left calf last week — on the same night Soto returned — and will be sidelined for a while. Lindor is wearing a protective boot and won’t be reexamined until mid-May.

First baseman Jorge Polanco is on the 10-day injured list with a bruised right wrist — although he’s also dealing with bursitis in his left heel, which has bothered him since very early in the season.

Struggling right-hander Kodai Senga (0-4, 9.00 ERA) went on the 15-day injured list Tuesday, retroactive to Monday, with lumbar spine inflammation. He is out indefinitely.

Left-handed reliever A.J. Minter remains on target to return in early May from left lat surgery that cut short his 2025 season. He threw a bullpen Tuesday at Citi Field and is scheduled to make his next minor league rehab appearances Friday and Sunday.

“We'll see where we're at after that,” Mendoza said. “We're not going to rush him.”

In roster news, Tommy Pham elected free agency rather than accept an outright assignment to Triple-A Syracuse. The veteran outfielder was designated for assignment Monday.

AP MLB: https://apnews.com/hub/mlb

New York Mets Francisco Lindor walks in the dugout wearing a protective boot during the sixth inning of the first baseball game of a doubleheader against the Colorado Rockies, Sunday, April 26, 2026, in New York. (AP Photo/Seth Wenig)

New York Mets Francisco Lindor walks in the dugout wearing a protective boot during the sixth inning of the first baseball game of a doubleheader against the Colorado Rockies, Sunday, April 26, 2026, in New York. (AP Photo/Seth Wenig)

New York Mets starting pitcher Kodai Senga (34) leaves the mound after a pitching change during the fourth inning of a baseball game against the Chicago Cubs, Friday, April 17, 2026, in Chicago. (AP Photo/Erin Hooley)

New York Mets starting pitcher Kodai Senga (34) leaves the mound after a pitching change during the fourth inning of a baseball game against the Chicago Cubs, Friday, April 17, 2026, in Chicago. (AP Photo/Erin Hooley)

New York Mets' Luis Robert Jr. hits a single during the ninth inning of a baseball game against the Chicago Cubs in Chicago, Sunday, April 19, 2026. (AP Photo/Nam Y. Huh)

New York Mets' Luis Robert Jr. hits a single during the ninth inning of a baseball game against the Chicago Cubs in Chicago, Sunday, April 19, 2026. (AP Photo/Nam Y. Huh)

Recommended Articles