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National Bank of Canada
Symbol NA
Shares Issued 382,837,767
Close 2026-09-23 C$ 209.80
Market Cap C$ 80,319,363,517
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Globe/CP say Shopify, Nat Bank hear patriotic message

2026-09-24 08:52 ET - In the News

See In the News (C-SHOP) Shopify Inc

The Globe and Mail reports in its Thursday edition that members of Canada's business community at a technology conference Wednesday urged institutional investors to get more patriotic. A Canadian Press dispatch to The Globe says that as the U.S. trade war sparks interest in homegrown enterprises, speakers at the Nrth conference urged pension funds, investors, banks, the government and regulators to do more to support domestic companies. Vass Bednar, executive director of Canadian Shield, a think tank that promotes sovereignty-based policy, took aim at the country's pension funds, pointing out they have invested less domestically despite their coffers growing. When they do invest in Canada, Ms. Bednar said they tend to "play it safe" and take the "pretty lazy" route of putting money into government bonds and infrastructure. Meanwhile, Hanna Zaidi at financial services company Wealthsimple positioned a Canadian-dollar stablecoin as crucial for sovereignty. Stablecoins are crypto assets with values pegged to real-world currencies, thus making them a reliable way to transfer money. Her company has since invested, along with Shopify and National Bank, in Tetra Trust, a firm exploring a Canadian-dollar stablecoin.

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