Scotiabank to Announce Fourth Quarter 2026 Results

Scotiabank completed its acquisition of all outstanding shares of Scotia Group Jamaica Limited (SGJL) it did not already own, effective October 30, 2026. The deal is part of Scotiabank's strategy to improve capital and operational efficiency. SGJL shares are expected to be delisted from the Jamaica Stock Exchange.

Canada's Big Six banks (BNS, NA, BMO, RY, TD, CM) and Laurentian Bank/Desjardins raised prime rates to 4.70% from 4.45% after the Bank of Canada's 25bps hike to 2.5%. This affects variable-rate mortgages and lines of credit. The central bank aims to control inflation.

Canada's major banks, including RBC, TD, BMO, CIBC, Scotiabank, and National Bank, raised their prime rates by 25 basis points to 4.70% following the Bank of Canada's policy rate increase to 2.5%. The change is effective October 29, 2023.

Scotiabank filed a Form 6-K on October 16, 2026, confirming the validity of US$2.3 billion in senior notes. The notes, maturing between 2029 and 2032, have fixed-to-floating and floating-rate structures. Legal opinions from Allen Overy Shearman Sterling US LLP and Osler, Hoskin & Harcourt LLP support the notes' validity. The filing is part of Scotiabank's broader capital markets program.

Scotiabank received FCA approval for a CAD100 billion covered bond prospectus supplement. The bonds are fully guaranteed, boosting investor confidence. The supplement is publicly available, enhancing transparency and funding flexibility for the bank.

Scotiabank (TSX: BNS, NYSE: BNS) received approval to increase its share buyback program from 15 million to 40 million common shares, representing 3.25% of its outstanding shares. The bank has already repurchased 13.04 million shares since the program began. The amended bid will take effect on October 6, 2026, and continue until April 6, 2027, unless terminated earlier.