Scotiabank Increases Share Buyback Limit to 40 Million

The Bank of Nova Scotia announced on October 2, 2026, that it has received approval from the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions to amend its normal course issuer bid. The amendment raises the maximum number of common shares the bank can purchase for cancellation from 15 million to 40 million.

This new limit represents approximately 3.25 percent of the bank's outstanding common shares as of March 24, 2026. The updated bid takes effect on October 6, 2026, and will remain active until the bank hits the purchase limit, issues a termination notice, or reaches the expiration date of April 6, 2027.

As of August 31, 2026, the bank had already purchased 13,044,315 common shares under the previous bid. Future purchases will be executed on the open market through the Toronto Stock Exchange, the New York Stock Exchange, and other designated exchanges or alternative Canadian trading systems via Scotia Capital Inc.