$BNS

CIRO said a hearing panel accepted a settlement with Scotia Securities Inc. on Aug. 6, 2026. Scotia Securities admitted it lacked adequate policies and internal controls for reporting and complaint handling, and for complaint handling and supervisory investigations. The firm agreed to pay a $275,000 fine and $10,000 in costs.

Canadian prediction markets launched via Wealthsimple Predict are drawing bets on corporate and economic data points, raising concerns from securities experts about potential insider trading and misuse of material non-public information. The platform routes orders to Kalshi, and Wealthsimple cites surveillance layers. Regulators say event contracts may be securities or derivatives and must follow insider-trading and market-manipulation rules.

National Bank analyst Gabriel Dechaine raised Q3 forecasts and fiscal 2028 estimates for Canadian banks, lifting average target prices by 18% and citing stable credit and NIM guidance, with TD as top pick. He upgraded targets for BMO, BNS, CM, EQB, RY and TD. Separately, National Bank Financial analyst Matt Kornack cut GO Residential and H&R ratings after GO’s $3.4B acquisition deal.

Securityholders of Scotia Global Asset Management funds approved mergers and changes to investment objectives, including a revised equity allocation range for the Dynamic Global Balanced Fund, at a special meeting on Aug 12, 2026. The article links the changes to Bank of Nova Scotia’s asset management strategy and notes BNS projects CA$43.4B revenue and CA$11.9B earnings by 2029.

StockTargetAdvisor’s Aug 12, 2026 note highlights five TSX themes: Cargojet, Canadian banks, Montage Gold, Air Canada and CNQ. It cites analyst target hikes for Cargojet (Desjardins to C$135, Scotiabank to C$125, National Bank to C$112). For Air Canada, it says an Aeroplan minority deal is expected to raise about C$2.5B for debt repayment and buybacks, while Air Canada cut 2026 core profit guidance to C$2.9B–C$3.2B.

TD Cowen analyst Mario Mendonca (TD Cowen) warns Canadian bank multiples could compress as operating leverage and revenue growth moderate, citing CMRR growth slowing and flat NIMs in 2028. He raised targets for BMO, CIBC, and RBC, and adjusted BNS and NB. Raymond James analyst Stephen Boland also updated Big 6 targets. Desjardins analyst Benoit Poirier said Cargojet shares rose after results.

Investment Executive lists five Canada business items this week: CMHC housing starts data on Monday, Cogeco and Cogeco Communications Q2 results Tuesday, Bank of Nova Scotia AGM Tuesday, Shaw Communications Q2 results Tuesday, and Statistics Canada StatsCannabis data Wednesday. It cites housing starts cooling in February, and legal cannabis gram prices of $9.70 vs $6.51 black market in Q4.

RBC and Scotiabank said they are withdrawing or lowering their 2030 financed-emissions targets. RBC cited government policy changes, geopolitics and higher energy demand, saying interim goals are not reasonably achievable, while keeping a net-zero financed-emissions ambition for 2050. Scotiabank said climate actions have not progressed as expected and pulled both interim targets and its 2050 goal.

Canada’s banks say they face hurdles financing defence firms because many SMEs lack prior procurement contracts and compliance track records. The government plans to expand defence spending, including a $6-billion BDC defence financing program and a defence industrial strategy to triple revenue. Banks cite regulatory and risk constraints, while procurement cycles can take about seven years.

Canada’s Financial Consumer Agency (FCAC) said controls at Canada’s Big Six banks to prevent misrepresented or unsuitable sales are “insufficient” and “underdeveloped,” though it found no widespread mis-selling. The FCAC reviewed RBC, TD, Scotiabank, BMO, CIBC and National Bank, will investigate possible conduct-rule breaches, and plans a modernized supervision framework. Complaints rose 28% at an industry ombudsman.