16:17:43 EDT Mon 13 Apr 2026
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Bank of Nova Scotia
Symbol BNS
Shares Issued 1,231,421,484
Close 2026-04-10 C$ 100.85
Market Cap C$ 124,188,856,661
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Globe says CIBC, rivals hear Canadian dream fading away

2026-04-13 09:39 ET - In the News

See In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)

The Globe and Mail reports in its Monday, April 13, edition that JPMorgan Chase aims to revitalize the American Dream by committing to invest $80-billion in small businesses over the next decade, nearly tripling its $33-billion investment made in 2025. The Globe's contributing columnist John Turley-Ewart writes that the goal is to help people buy homes, secure good jobs and improve their lives. JPMorgan chief executive officer Jamie Dimon says the American Dream is "slipping out of reach for too many people." There is neither a Canadian version of Mr. Dimon nor a Canadian Dream effort being pursued by any of our large banks. For years, low-income families in Canada stood a better chance than low-income American families of seeing their children find their way into the middle class and "buy homes, get good jobs and build better lives." To say it is working today is to ignore the evidence. Those under 35, in particular, are "poorer, more indebted and more economically precarious than any generation in modern history," a point made by Darrell Bricker and John Ibbitson in their book, Breaking Point. Social backsliding, rather than mobility, is the trend. Canada has become a net exporter of capital.

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