The Bank of Nova Scotia

BNS

CA0641491075

Banks

Delayed Toronto S.E. Other stock markets 01:15:31 2026-01-19 pm EST			5-day change	1st Jan Change
102.03 ^CAD	-0.15%		+1.53%	+0.80%

Jan. 16	Dividend 15 Split Raises C$142.6 Million in Preferred Shares Offering	MT
Jan. 16	Canadian Banc Completes Overnight Offering of $103.2 Million	MT

TSX falls as commodity declines outweigh gains in tech, banks

Published on 12/02/2025 at 10:54 am EST - Modified on 12/02/2025 at 10:59 am EST

Reuters

The Bank of Nova Scotia

-0.17%

Shopify Inc.

-1.38%

TSX falls as commodity declines outweigh gains in tech, banks

Dec 2 (Reuters) - Canada's main stock index slipped on Tuesday as declines in commodity-linked companies outweighed gains in technology stocks, while Bank of Nova Scotia gained after beating fourth-quarter profit estimates.

Toronto's main stock index was down 0.3% at 31,023.74 at 10:23 a.m. ET, set to extend Monday's technology-driven losses.

Energy stocks and miners fell 1.5% and 2.6% respectively, tracking declines in oil, gold and copper prices. [O/R] [MET/L] [GOL/]

Bank of Nova Scotia reported a better-than-expected fourth-quarter profit on Tuesday, kicking off the bank earnings season on a positive note. Shares of the lender were up 1.8%, with the broader financial sector up 0.5%.

Results from other big banks including Royal Bank of Canada and TD Bank are awaited this week. The big six banks have gained nearly 31% on average this year, compared with a 26% rise in the broader index.

Technology shares gained the most among peers on Tuesday, up 1.4%, tracking gains in the tech-heavy Nasdaq on Wall Street. Shopify's shares rose 4.5% after the e-retailer's sales for the Black Friday-Cyber Monday weekend hit a record $14.6 billion.

The TSX had snapped a six-session winning streak on Monday, in which it had logged multiple record highs. The streak was fueled by growing expectations of a U.S. interest rate cut in December following dovish comments from some Federal Reserve policymakers.

"There's a bit of profit-taking happening overall in the Canadian market. (The TSX) index, it's up almost 26% year-to-date, and Canada has outperformed quite a lot, especially relative to the United States," said Shiraz Ahmed, founder and CEO at Sartorial Wealth.

Among other stocks, Laurentian Bank surged 17.8% after Fairstone Bank announced it would buy the smaller peer in a C$1.9 billion all-cash deal.

(Reporting by Avinash P in Bengaluru; Editing by Sahal Muhammed)

By Avinash P

Stocks mentioned in the article

	Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	THE BANK OF NOVA SCOTIA	102.01CAD	-0.17%	+1.53%	90.79B
	SHOPIFY INC.	155.81USD	-1.38%	-5.27%	203B

Latest news about The Bank of Nova Scotia

Jan. 16	Dividend 15 Split Raises C$142.6 Million in Preferred Shares Offering	MT
Jan. 16	Canadian Banc Completes Overnight Offering of $103.2 Million	MT
Jan. 09	Canadian Banc Completes Overnight Marketing of Preferred Shares	MT
Jan. 08	The Bank of Nova Scotia Presents at RBC Capital Markets Canadian Bank CEO Conference, Jan-06-2026 12:40 PM
Jan. 08	Terreno Realty Corporation Closes $200 Million Five-Year Unsecured Term Loan	CI
Jan. 07	PRESS DIGEST-Canada - January 7	RE
Jan. 06	Scotiabank CEO Scott Thomson says will continue to add talent, particularly for investment banking business	RE
Jan. 06	Toronto Stocks Edge Higher on Gains by Miners	DJ
Jan. 05	Toronto Stocks Up Strongly Despite Uncertainty Over Venezuela Conflict	DJ
Dec. 29	HA Sustainable Infrastructure Capital, Inc. Expands Unsecured Revolving Credit Facility to $1.825 Billion	CI
Dec. 22	Champion Iron to Acquire Rana Gruber Through Cash Tender Offer in US$289 Million Deal	MT
Dec. 18	Canada's Big Banks See No Change to Regulatory Capital Requirement Despite Risks -- Update	DJ
Dec. 18	OSFI Holds Domestic Stability Buffer At 3.5%	MT
Dec. 18	Canada Banks Brief: OSFI Adds This "Sizable Capital Cushion" Equates to Roughly $60 Billion	MT
Dec. 18	Canada Banks Brief: OSFI Notes CET1 Ratios "Well Above" the Supervisory Expectation of 11.5%, At An Average of 13.6% Across the Sector	MT
Dec. 18	Canada Banks Brief: OSFI Says This Reflects "Resilience In a Changing Risk Environment"	MT
Dec. 18	Canada Banks Brief: Office of the Superintendent of Financial Institutions Holds Domestic Stability Buffer at 3.5%	MT
Dec. 18	Desjardins Raises Price Targets on Seven Canadian Banks	MT
Dec. 17	Global Financial Crime Auditors Visit Canada After Record Bank Fine	MT
Dec. 17	Emperor Capital Group Limited Appoints Chu Raymond as Executive Director and Member of Executive Committee, Effective January 1, 2026	CI
Dec. 15	Canada Housing Starts Climb 9.4% in November -- Update	DJ
Dec. 15	Canada Housing Starts Climb 9.4% in November -- Update	DJ
Dec. 15	Canada Housing Starts Climb 9.4% in November	DJ
Dec. 15	BOE Expected to Cut as ECB Settles Into Its Good Place; U.S. Data in Focus -2-	DJ
Dec. 11	CIBC Raises Price Target on Five Canadian Banks	MT

Chart The Bank of Nova Scotia

Duration

Period

BNS: Dynamic Chart

Company Profile

The Bank of Nova Scotia (the Bank) is a Canadian chartered bank. The Bank's segments include Canadian Banking, International Banking, Global Wealth Management, Global Banking and Markets, and Other. The Canadian Banking segment provides a full suite of financial advice and banking solutions. The International Banking segment is a diverse franchise offering financial advice and solutions to retail, corporate and commercial clients. The Global Wealth Management segment is focused on delivering comprehensive wealth management advice and solutions to clients across the Bank's footprint. The Global Wealth Management segment serves investment fund and advisory clients across 13 countries. The Global Banking and Markets segment provides corporate clients with lending and transaction services, investment banking advice and access to capital markets. The Other segment includes Group Treasury, smaller operating segments and corporate items which are not allocated to a business line.

Employees

86,431

Sector

Banks

Calendar

Feb. 23 - Q1 2026 Earnings Release

More about the company