The Bank of Nova Scotia announced an interest rate reset for its $1.25 billion principal amount of 3.70% Fixed Rate Resetting Limited Recourse Capital Notes, Series 1, and its associated AT1 Notes, to 5.987% per annum for the five-year period from July 27, 2026, to July 27, 2031. Interest on the Notes is payable quarterly in arrears on January 27, April 27, July 27, and October 27. The Bank of Nova Scotia is a large North American bank providing personal, commercial, and investment banking services.

Scotiabank announced an expected net income contribution from its ownership interest in KeyCorp of approximately CAD $82 million for Q3 2026. After adjusting for CAD $8 million in amortization of acquired intangible assets, the adjusted net income contribution is expected to be approximately CAD $90 million. Scotiabank is a large North American bank providing personal and commercial banking, wealth management, and capital markets services.