The Globe and Mail reports in its Tuesday, Sept. 23, edition that National Bank Financial analyst Gabriel Dechaine says the credit outlook remains "one of the greatest uncertainties" facing Canada's Big Six banks. The Globe's David Leeder writes that Mr. Dechaine has reaffirmed his "sector perform" recommendation and $81 share target for Bank of Nova Scotia. Analysts on average target the shares at $88. Mr. Dechaine says in a note: "Evolving trade negotiations in the U.S., a slow housing market and rising unemployment have dampened the economic outlook. On the other hand, a new Canadian Government aiming to advance nation-building projects and reduce red tape impeding investment offers potential improvement in the future. The timing differences between the former items (current) and the latter situation (future) have amplified uncertainty, a word that has been used nearly 300 times on earnings calls so far in 2025. And that, ahem, uncertainty has been evident in the trend of banks adding to performing allowances for 13 consecutive quarters." The Globe reported on Sept. 5 that CIBC analyst Paul Holden had reaffirmed his "neutral" recommendation for Bank of Nova Scotia. The shares could then be had for $87.86.