Analyzing Canada’s big banks’ ties to an Israeli defence company

Since the 2023 Giller Prize ceremony, Scotiabank, the fiction prize’s lead sponsor, has been the target of protests over its stake in Elbit Systems, an Israeli defence contractor. Though all of Canada’s Big Six banks hold stake in Elbit Systems, Scotiabank has drawn a heightened level of scrutiny and protest since the October 7th attacks.

Globe arts and business reporter Josh O’Kane and business reporter David Milstead are on the show to talk about how prominent Elbit Systems is in Canadian investment portfolios, and what sets Scotiabank’s investment in Elbit Systems apart from other Canadian banks.

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