The Globe and Mail reports in its Friday edition that Scotiabank's flag-planting days are a thing of the past. The Globe's Rita Trichur writes that under chief executive officer Scott Thomson's leadership, the bank is correctly shifting its strategic focus from Latin America to North America. Mr. Thomson is embracing the relative stability of North America to generate sustainable returns for the bank's shareholders. Still, some North American markets are less predictable than others (ahem, Mexico). That is why Mr. Thomson's next challenge is to offer investors specifics about how Scotiabank is mitigating a slew of risks facing its Mexican operations in light of President Claudia Sheinbaum's agenda. Although Mr. Thomson has broached Mexico's challenges in recent months, his commentary is short on details. Ms. Trichur says that offering just a few nuggets of clear and digestible information about its plans in Mexico would go a long way toward assuaging investors. Flags have been raised about Ms. Sheinbaum's domestic plans, with speculation that she could target the banking sector for tax increases to bolster government coffers and tackle the country's deficit; credit-rating agencies could downgrade its sovereign debt.