Quote:
Originally Posted by Truenorth00
Ottawa was a poor candidate. Poor international connectivity to the main clients in Europe. Doesn't connect to the second largest financial centre in Europe: Frankfurt. No significant financial industry in Ottawa. Heck, our connectivity to Toronto and Montreal isn't that great either. No HSR like you would see in any major European centre. That might have actually made the case better.
Having some defence industry offices (of which a chunk are sales) isn't enough to justify putting 3500 bankers in Ottawa. A lot of the actual manufacturing is in SWO and Quebec. Most notably of things the Europeans are interested in like ammunition, vehicles and sensors.
In any event, I do think Canada is still a bit of a long shot on it. Putting the HQ of a fund that is mostly about recapitalizing European defence manufacturing in a country that has been one of the lowest spending on defence and is not in Europe, would be something.....
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It looks like the long shot has won and Canada will host the bank HQ. Ottawa is a long shot too---but as we have just seen underdogs can win , so let us be optimistic.
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