Canadian Stocks Beating US for a Second Year as Banks Surge

Scotiabank said it targets over 30% of Canadian banking volume via digital and virtual channels by 2028. The announcement signals continued investment in channel transformation, which is a modest positive for its long-term growth and cost trajectory, but it is unlikely to move shares materially near term.

Analysis

Scotiabank said it targets over 30% of Canadian banking volume via digital and virtual channels by 2028. The announcement signals continued investment in channel transformation, which is a modest positive for its long-term growth and cost trajectory, but it is unlikely to move shares materially near term.