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Bank of Nova Scotia (Scotiabank)

The Bank of Nova Scotia, commonly referred to as “Scotiabank,” is Canada’s third largest chartered bank. Incorporated in 1832, the bank has established itself as Canada’s most international bank through extensive operations throughout Latin America, the Caribbean, Central America and parts of Asia. It is also known as “Canada’s gold bank” because of its dominant position in bullion trading. The bank also operates three other business lines: personal banking, commercial banking, and wealth management. Scotiabank is a public company that trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbol BNS and on the Trinidad and Tobago Stock Exchange under the symbol SBTT. In 2020, Scotiabank registered $31.3 billion in revenue and $7.0 billion in profit and held $1,136billion in assets. The bank employs more than 92,000 people, who serve more than 25 million customers around the world.

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Irving Group of Companies

Companies owned by New Brunswick’s Irving family dominate the province’s natural resource industries, as well as its media, engineering and construction industries. The first Irving business was a sawmill purchased in 1881. The family now owns many companies that supply each other from different steps in the chain of production. These companies largely fall under four umbrellas: J.D. Irving Limited (whose many segments include forestry, food, construction and transportation), Brunswick News (newspapers), Irving Oil (oil refining and marketing) and Ocean Capital Holdings (real estate, radio, construction and materials). The Irving family owns Canada’s largest oil refinery, is one of the five largest landowners in North America, and employs 1 in 12 people in New Brunswick. It is one of the wealthiest families in Canada.