BNS News & Events

The Bank of Canada and the country's major banks and financial firms met Friday to discuss cybersecurity risks raised by Anthropic's latest artificial intelligence model Mythos and similar AI models, following a similar move by U.S. policymakers earlier in the week, Bloomberg reported. The Canadian meeting involved members of a body known as the Canadian Financial Sector Resiliency Group that includes representatives from the six largest domestic banks, the report noted.

The Bank of Nova Scotia announced that the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions have approved its normal course issuer bid to purchase up to 15M of its Common Shares. This represents approximately 1.2% of the 1,231,433,660 Common Shares issued and outstanding as of March 24. The Bank intends to terminate its existing normal course issuer bid on April 6 and to establish the New Bid.