Scotiabank
Coverage of Scotiabank in the Nexus archive.
- Banks are financing the fossil fuel industry’s next growth strategy
Major banks are increasing financing for fossil fuel expansion and petrochemical projects, abandoning climate commitments. Reports show $508 billion in 2025 for fossil fuel development and $252 billion for petrochemical activities since 2019, enabling the industry’s shift to plastics and fertilizers.
- Capstone Is Said to Tap Scotiabank to Divest Mexican Copper Mine
Capstone is reportedly engaging Scotiabank to divest its Mexican copper mine. Canada's finance minister announced a $10 cap on NSF fees, projected to save Canadians over $600 million annually.
- Top Canadian Grocers Downgraded as Scotiabank Flags Increased Competition
Scotiabank has downgraded top Canadian grocers due to increased competition. The move reflects concerns about market dynamics affecting the retail sector. The article mentions a shopper in Vancouver, highlighting the retail environment.