The Globe and Mail reports in its Thursday edition that Scotiabank is cautioning that businesses and consumers need greater certainty on trade negotiations and major project investments. The Globe's Stefanie Marotta writes that the bank posted higher second-quarter profits on Wednesday that beat analysts' expectations. Chief executive officer Scott Thomson said he has observed a "significant change in tone" from international investors, who are becoming more interested in opportunities in the Canadian market. "I've lived this. You've seen a lot of foreign money leave Canada, and now you have a lot of foreign money looking at Canada for foreign direct investment," Mr. Thomson said during a call with analysts. He said Canada's pension funds -- which have typically focused on global investments -- are considering investments in projects within the country. The Maple 8 pension funds have faced criticism for neglecting domestic opportunities. Earlier this month, Alberta and Ottawa struck a deal on carbon pricing and emissions reductions, a key step in advancing a plan for a new oil pipeline. The Scotiabank CEO also pointed to Ottawa's plans to potentially privatize airports in which global investors would be interested.