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Central banks and marketsFri 30 Oct 2026 · 12 of 13

Federal Reserve Board approves Bank of Nova Scotia application

Verified · 4/4 supported1 cited · 1 min read

The Federal Reserve Board announced approval of an application by The Bank of Nova Scotia . The announcement was issued by the Federal Reserve Board . The approval pertains to the Bank of Nova Scotia's submitted application .

Why it matters. The approval means the Federal Reserve Board has granted the requested permission to The Bank of Nova Scotia .

Earlier on Central banks and markets

Thu 29 Oct 2026Fed FOMC keeps rates unchanged at 3‑3/4 to 4 percentThe Federal Open Market Committee approved the statement by a 10‑2 vote. The Committee decided to maintain the target range for the federal funds rate at 3‑3/4 to 4 percent. It also continued its policy of maintaining ample reserves in the banking system. The statement noted that economic activity is expanding at a strong pace, with resilient domestic spending, strong productivity growth, robust capital investment, job gains keeping pace with the workforce, and little change in the unemployment rate. Inflation remains elevated, and the Committee aims to return it to its 2 percent target.Wed 28 Oct 2026Bank of Japan releases core CPI estimates excluding institutional factorsThe Bank of Japan's Research and Statistics Department provides staff estimates for core CPI indicators that exclude institutional factors. These institutional factors include changes in the consumption tax rate, free education policies such as free school lunches starting in April 2026, the 2021 reduction in mobile phone charges, travel subsidy programs, and measures to reduce energy costs. The data are released at 2:00 p.m., two business days after the official CPI release. Core indicators comprise consumer price indices excluding institutional factors and distribution‑based measures such as the trimmed mean, weighted median, mode, and a diffusion index of increasing or decreasing items.Tue 27 Oct 2026Canadian term spread stays positive while model flagged 2024 recessionEconbrowser reports that the Canadian 10‑year/3‑month term spread remained positive through September 2026. Econbrowser reports that a 10yr‑3mo term spread model estimated on pre‑pandemic data would have predicted a recession for 2024. Econbrowser reports that some analysts had predicted a 2024 recession, aligning with the model’s signal. Econbrowser reports that Canada has at least three recession dating series—CD Howe, ECRI, and Philip Cross (updated).
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