The stock rose 2.45% to C$106.92 on Wednesday, topping its previous C$106.59 peak set on 1 May, while 5.8 million shares changed hands.
The gain outpaced a broader rally in Canada, with the S&P/TSX Composite Index climbing 1.24% to 33,981.82 in a positive trading session.
Trading volume exceeded Bank of Nova Scotia's 50-day average of 4.7 million shares, indicating stronger-than-usual investor activity as the lender set a fresh annual high.
As its stock hits a record high, is Scotiabank’s climate pledge reversal a brilliant move or a massive long-term risk?
Scotiabank just abandoned its climate goals. What does this signal about the future of green financing across Canada?