Scotiabank Announces Collaboration with Little Free Library
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Scotiabank Announces Collaboration with Little Free Library

Scotiabank (BNS) announced Monday it will collaborate with Little Free Library, the world’s largest book-sharing movement, to place thousands of copies of the novels shortlisted for the Scotiabank Giller Prize in Little Free Libraries across Canada.

The five shortlisted novels can be found in “book bundles” in hundreds of Little Free Libraries across the country. This collaboration is an important part of Scotiabank’s support for the Canadian literary arts.

Canadians can view the shortlisted novels by visiting one of Canada’s Little Free Libraries in their neighborhood.

“Scotiabank, at its very core, is committed to making a difference in the communities in which we operate and one way we achieve this is through our partnership with the Scotiabank Giller Prize,” said John Doig, EVP, Retail Sales, Scotiabank.

“By providing more opportunity for Canadians to access the Prize’s shortlisted novels, we hope this initiative creates Canada’s largest book club, and that readers of all ages, from coast-to-coast find comfort, solace, adventure, action and learning from this year’s talented shortlist.”

The 2021 Scotiabank Giller Prize announcement will air on Monday, November 8 at 9 p.m. ET on CBC and the free CBC Gem streaming service. (See Insiders’ Hot Stocks on TipRanks)

On October 4, CIBC analyst Paul Holden maintained a Buy rating on BNS and a price target of C$90. This implies 9.%7 upside potential.

The rest of the Street is cautiously optimistic on BNS, with a Moderate Buy consensus rating based on five Buys and four Holds. The average Bank of Nova Scotia price target of C$86.97 implies 5.9% upside potential to current levels.

TipRanks’ Smart Score

BNS scores a “Perfect 10” on TipRanks’ Smart Score rating system, indicating that the stock returns are very likely to beat the overall market.

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