Major Canadian lenders adjust capital, funding, and governance levers

Canada’s big banks are actively fine‑tuning their balance sheets and strategic positioning through a flurry of corporate actions and filings. Royal Bank of Canada is acquiring fintech Pinch Financial, declaring dividends, and issuing a notable covered bond, while National Bank of Canada is expanding its share buyback program to 14.5 million shares. TD and Bank of Nova Scotia have both filed Form 6-Ks outlining 2026 AGM agendas and changes to stock incentive plans, signaling ongoing tweaks to executive compensation and shareholder governance. Together, these moves highlight how leading Canadian banks are managing capital returns, funding costs, and growth initiatives in a shifting macro and regulatory environment.