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I haven't seen the most recent figures, but the ones I saw in late 2025 or early 2026 showed a higher unemployment rate for Toronto than this chart does.
 
Yesterday I posted in tourism and branding a video from Barney’s Tavern. I re watched it last night and it got me a bit frustrated. Labossiere chatted how he was invited to a group of 30 local business leaders to come up with a strategy to land that Military financing bank proposed and how Canada was a front runner to get it. No one from the city or the province attended (supposedly they were invited). This seems like a typical ball drop. I wonder if Calgary will try to land it?
 

  • Edmonton-based Wyvern, an aerospace company, received $3 million in federal funding as part of a $6-million federal investment for defence-related firms in the region. CEO Christopher Robson said Wyvern will use advanced hyperspectral imagery from its satellites to uniquely identify “rogue vessels” at sea by their spectral “fingerprints,” even if their automatic identification systems are disabled.
 
I'm as optimistic and delusional as the next forum member here, but sadly there's no way in hell we're even in the running for the NATO defence bank.

I don't even think Calgary will even come close to landing it. It's not just a financial decision, but also strategic as well.
 
It's not just a financial decision, but also strategic as well.
If by strategic you mean from a military standpoint, that is likely Edmonton's biggest advantage. But I agree, it is very unlikely, unfortunately. BUUUUUT, could also be one of those keystone projects that change the city's standing forever. I would love Edmonton to become Canada's "San Diego" in the sense of being a key military/defense hub instead of the government putting all the eggs in a basket that is already full of other stuff (like they made SD the Pacific Fleet's HQ instead of San Francisco or LA).
 
I would love Edmonton to become Canada's "San Diego" in the sense of being a key military/defense hub instead of the government putting all the eggs in a basket that is already full of other stuff (like they made SD the Pacific Fleet's HQ instead of San Francisco or LA).

The headquarters for the United States Pacific Fleet (USPACFLT) is located at
Naval Station Pearl Harbor within Joint Base Pearl Harbor-Hickam on the island of Oahu, Hawaii. The specific command complex is situated at 250 Makalapa Drive, Pearl Harbor, HI, often referred to as the Makalapa Hill compound.

Key details about the U.S. Pacific Fleet headquarters:
  • Location: Pearl Harbor, Hawaii.
  • Command Structure: It is the largest fleet command in the U.S. Navy, reporting to the U.S. Indo-Pacific Command.
  • History: The headquarters has been based in Hawaii since 1940, with the current structure operational since 1942, serving as the command center for Admiral Chester W. Nimitz during World War II.
  • Role: The command manages operations for both the Third and Seventh Fleets.
 
The headquarters for the United States Pacific Fleet (USPACFLT) is located at
Naval Station Pearl Harbor within Joint Base Pearl Harbor-Hickam on the island of Oahu, Hawaii. The specific command complex is situated at 250 Makalapa Drive, Pearl Harbor, HI, often referred to as the Makalapa Hill compound.

Key details about the U.S. Pacific Fleet headquarters:
  • Location: Pearl Harbor, Hawaii.
  • Command Structure: It is the largest fleet command in the U.S. Navy, reporting to the U.S. Indo-Pacific Command.
  • History: The headquarters has been based in Hawaii since 1940, with the current structure operational since 1942, serving as the command center for Admiral Chester W. Nimitz during World War II.
  • Role: The command manages operations for both the Third and Seventh Fleets.
I shouldn't even bother replying to you, but alas... San Diego still holds the highest amount of vessels and personnel for the Pacific Fleet, as well as significant maintenance facilities and support operations, so while the formal HQ is in Hawaii, indeed, SD has as many, if not more, military presence than Pearl Harbor.
 
This sorta quote on “why Edmonton” doesn’t make me feel great…

“It’s the foundation for CWB, and I think we wanted to respect that, and I think it’s a great to have recognized history.”

Discussion about National Bank's presence (and future growth) in Edmonton.

 
A more positive version of this story

  • Laurent Ferreira, CEO of National Bank of Canada, outlined the bank’s strategy in Western Canada during an interview with Postmedia, after its $5-billion acquisition of Edmonton-based Canadian Western Bank in February 2025. Ferreira said that Edmonton now serves as National Bank’s regional headquarters for Western Canada. With nearly 2,000 of its about 3,000 Western Canada employees in Alberta, the bank aims to double its regional presence in five years, focusing on commercial banking, retail, and wealth.
 

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