Bank of Nova Scotia Rolls Out Growth Institute

MT newswire2026/09/14 10:44

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06:44 AM EDT, 09/14/2026 (MT Newswires) -- Bank of Nova Scotia (BNS) launched a new platform focused on supporting "key stakeholders" in advancing long-term economic growth in Canada and across North America, the company said Monday. Kirsten Hillman will be lead strategic adviser for the newly launched Scotia Growth Institute. Scotiabank committed more than 100 billion Canadian dollars ($71.96 billion) in financing, underwriting, and investment, to be available to support Canadian companies and projects in various sectors, the company said.

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Since 1945, the S&P 500 has experienced 12 bear markets with declines of over 20% and 4 deep corrections ranging from 18% to 20%. Among them, six occurred directly after interest rate hikes that triggered economic recessions, while two other cases had no relation to either rate hikes or recessions. Goldman Sachs believes that the market has already priced in multiple rate hike expectations; Morgan Stanley warns that rising yields could trigger a market correction; JPMorgan is more focused on oil prices and corporate earnings.

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