On 7 July 2026, Lightworks, The Bank of Nova Scotia, Sun Life Financial and TELUS launched the AI Consortium to jointly build and govern large-scale, regulated artificial intelligence infrastructure, including an Agentic Control Plane already processing more than two trillion tokens per month. The collaboration highlights how BNS is aligning with other heavily regulated Canadian institutions to co-develop AI control systems, potentially influencing risk, compliance and operational efficiency. The AI Consortium news supports the existing digital innovation catalyst but does not materially change the near term focus on credit quality in Latin America and Canadian loan growth headwinds. BNS’s Scotia Intelligence rollout is already embedding AI tools across its workforce. Bank of Nova Scotia's narrative projects CA$43.4 billion revenue and CA$11.9 billion earnings by 2029, with a CA$115.21 fair value representing a 7% downside to its current price. Three fair value estimates from the Simply Wall St Community span roughly CA$115 to CA$166 per share.