Toronto, June 11, 2026, 05:04 PM ET
• Bank of Nova Scotia (BNS) settled at C$115.27 in Toronto, climbing 1.24%, after touching C$115.62 at its session high. Google
• BNS shares in New York wrapped up at $82.69, a 1.39% gain, on heavier-than-average trading. Google
• The S&P/TSX Composite rose 1.5% as Canadian financial names moved higher and risk appetite broadly picked up.
Bank of Nova Scotia stock ended up Thursday as Canadian stocks bounced after yesterday’s heavy drop. BNS finished at C$115.27 on the TSX, rising C$1.41, or 1.24%. Shares moved between C$113.91 and C$115.62, with the session high hitting the posted 52-week high, Google Finance data showed.
Bank of Nova Scotia’s U.S.-listed shares jumped 1.39% to finish at $82.69 on the NYSE. The stock hit $82.86 during the session, tying its 52-week high. Volume was heavy at 3.94 million shares, topping the average of 2.08 million.
S&P/TSX Composite Index jumped 520.14 points, or 1.5%, closing at 34,671.46 for its best finish in a week. Reuters said materials led the gains, up 4.5%. Consumer discretionary added 3.8%. Financials, which carry heavy weight in the index, closed 1.1% higher.
Scotiabank pushed ahead with AI Wednesday, rolling out a larger set of tools known as Scotia Intelligence. The bank said over 71,000 staff now have access to its assistive AI products, and 5,500 engineers are tapping AI for coding work. “We have seen meaningful enterprise-wide adoption of Scotia Intelligence and today’s announcement marks another step forward in how we are deploying AI at scale,” Phil Thomas, group head and chief strategy and operating officer, said in a statement. Scotiabank – Press Releases
Scotiabank said in a Thursday notice from Scotia Global Asset Management that Putnam Investment Management LLC is set to take over as sub-adviser for the Scotia Wealth U.S. Large Cap Growth Pool, while Cohen & Steers Inc. is named as sub-adviser for the Scotia Wealth Global Real Estate Pool. The bank expects the switch around June 25. It says the funds’ investment objectives won’t change.
Canadian bank stocks traded with the rate outlook in focus after the Bank of Canada kept its overnight rate at 2.25% on Wednesday. The Bank Rate stayed at 2.5% and the deposit rate at 2.20%. Policy makers pointed to Middle East conflict, elevated energy costs, supply-chain issues and questions over U.S. trade policy as headwinds for global growth and inflation.
BNS investors are still watching Scotiabank’s latest earnings. The bank on May 27 said second-quarter net income rose to C$2.63 billion from C$2.03 billion. Diluted EPS was C$2.00, up from C$1.48. Adjusted diluted EPS came in at C$2.02. Scotiabank posted a 13.3% CET1 capital ratio.
The bank said it’s lifting its common-share dividend by C$0.04 to C$1.14 a share, payable July 29 for shareholders on record as of July 7. Investors are also waiting for the next Bank of Canada policy update coming July 15, another near-term gauge for the interest-rate path that matters for Canadian banks.
