No Recession in Canada, Scotiabank's CEO Says -- Market Talk

Dow Jones

06/09

1231 ET - Canada isn't in a recession, concludes Bank of Nova Scotia CEO Scott Thomson. That is despite arguments to the contrary after GDP contacted two straight quarters, albeit only marginally in the latest quarter. Appearing on CNBC, Thomson makes the case that indicators argue against recession, including a big rebound in hiring last month, per-capita consumption rose quarter-over-quarter and early indications show GDP was up relatively strongly in April. "I think obviously Canada's strength in resources is fitting the moment so well." Scotiabank's Thomson also says the government in Ottawa is very pro-growth and international investors, who have historically left Canada, are now back in. He points to Shell's recent deal to buy Canada's Arc Resources as a sign of returning investment in the country. (robb.stewart@wsj.com)

(END) Dow Jones Newswires

June 08, 2026 12:31 ET (16:31 GMT)

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That is despite arguments to the contrary after GDP contacted two straight quarters, albeit only marginally in the latest quarter. Appearing on CNBC, Thomson makes the case that indicators argue against recession, including a big rebound in hiring last month, per-capita consumption rose quarter-over-quarter and early indications show GDP was up relatively strongly in April. \"I think obviously Canada's strength in resources is fitting the moment so well.\" Scotiabank's Thomson also says the government in Ottawa is very pro-growth and international investors, who have historically left Canada, are now back in. He points to Shell's recent deal to buy Canada's Arc Resources as a sign of returning investment in the country. (robb.stewart@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 08, 2026 12:31 ET (16:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>No Recession in Canada, Scotiabank's CEO Says -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNo Recession in Canada, Scotiabank's CEO Says -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-09 00:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1231 ET - Canada isn't in a recession, concludes Bank of Nova Scotia CEO Scott Thomson. That is despite arguments to the contrary after GDP contacted two straight quarters, albeit only marginally in the latest quarter. Appearing on CNBC, Thomson makes the case that indicators argue against recession, including a big rebound in hiring last month, per-capita consumption rose quarter-over-quarter and early indications show GDP was up relatively strongly in April. \"I think obviously Canada's strength in resources is fitting the moment so well.\" Scotiabank's Thomson also says the government in Ottawa is very pro-growth and international investors, who have historically left Canada, are now back in. He points to Shell's recent deal to buy Canada's Arc Resources as a sign of returning investment in the country. (robb.stewart@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 08, 2026 12:31 ET (16:31 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642433787","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642433787","pubTimestamp":1780936260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1231 ET - Canada isn't in a recession, concludes Bank of Nova Scotia CEO Scott Thomson. That is despite arguments to the contrary after GDP contacted two straight quarters, albeit only marginally in the latest quarter. Appearing on CNBC, Thomson makes the case that indicators argue against recession, including a big rebound in hiring last month, per-capita consumption rose quarter-over-quarter and early indications show GDP was up relatively strongly in April. \"I think obviously Canada's strength in resources is fitting the moment so well.\" Scotiabank's Thomson also says the government in Ottawa is very pro-growth and international investors, who have historically left Canada, are now back in. He points to Shell's recent deal to buy Canada's Arc Resources as a sign of returning investment in the country. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","BNS":"丰业银行"},"translate_title":"丰业银行首席执行官表示加拿大没有经济衰退——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BNS":0.9},"content_text":"1231 ET - Canada isn't in a recession, concludes Bank of Nova Scotia CEO Scott Thomson. That is despite arguments to the contrary after GDP contacted two straight quarters, albeit only marginally in the latest quarter. Appearing on CNBC, Thomson makes the case that indicators argue against recession, including a big rebound in hiring last month, per-capita consumption rose quarter-over-quarter and early indications show GDP was up relatively strongly in April. \"I think obviously Canada's strength in resources is fitting the moment so well.\" Scotiabank's Thomson also says the government in Ottawa is very pro-growth and international investors, who have historically left Canada, are now back in. He points to Shell's recent deal to buy Canada's Arc Resources as a sign of returning investment in the country. (robb.stewart@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 08, 2026 12:31 ET (16:31 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}