Key facts: BNS: CAD100B Canada plan; Small‑biz +10%, Deposits +1.2%

Bank of Nova Scotia (BNS) has seen a significant turnaround in 2026, with its stock up 46% over the past year. The bank reported record net earnings and a 21% year-over-year increase in adjusted EPS to C$2.28, beating analyst estimates. CEO Scott Thomson's strategy, focusing on high-margin North American operations, has driven profitability improvements, with Canadian Banking generating a 19.4% ROE. BNS remains attractively valued with a 3.5% dividend yield and a forward P/E of 14.

Canadian banks committed $325 billion in new financing for businesses and infrastructure. TD Bank pledged $150 billion, Scotiabank $100 billion, BMO $70 billion, CIBC $2 billion, and RBC $1.5 billion. BMO's commitment targets energy, AI, and defense sectors, with strong Q3 earnings growth. BMO shares are up 36% in 2026, trading at $242 with a 2.8% dividend yield.

Canada Investment Summit secured nearly $500 billion in new investments. Key commitments include $50 billion from CPP Investments and Brookfield, $25 billion from PSP Investments, and $10 billion from Ontario Teachers’ Pension Plan. Banks like TD, Scotiabank, and BMO pledged billions for strategic sectors. The government announced $700 million for defense and critical minerals. Prime Minister Carney highlighted Canada's investment potential.

The first Canada Investment Summit resulted in nearly $500 billion in new investment commitments. Key participants included CPP Investments, PSP Investments, and major Canadian banks, with commitments in infrastructure, energy, and technology. The government also announced tax incentives and private investment in airports and critical sectors.

Toronto-Dominion Bank (TD) and Bank of Nova Scotia (Scotiabank) committed over $250 billion to invest in critical sectors like energy, AI, and infrastructure over five years. TD pledged $150 billion, focusing on projects worth $1 trillion. Scotiabank allocated over $100 billion and launched the Scotia Growth Institute to guide economic decisions. Both banks aim to support Canada's economic growth ahead of the Canada Investment Summit.

Canada and the EU explore deeper ties; Scotiabank commits $100B to Canadian companies. AI financier Intrepid Growth raises US$525M. Canada Investment Summit aims to attract $1T in foreign investment. Inflation data shows food and energy prices remain high, with core inflation near 2%. U.S. Fed may hike rates despite Trump's calls for lower rates. Canadian housing market faces further strain with expected sales and price declines.