“Toronto is the economic engine of Canada’s economy,” Bradford wrote in his letter, dated Dec. 10. “Our city produces roughly one fifth of the national GDP and anchors the country’s financial system. The institutions that finance the energy systems, logistics infrastructure, and digital networks of the DSRB will support (operations) here. Establishing the headquarters in Toronto puts the Bank in the necessary proximity to the vital partners it will need to attract capital and structure complex, multi-year investments.”