Report published August 27, 2026
Scotiabank Daily Points: Jackson Hole Outlook, Asian Central Bank Hikes & Canadian Bank Earnings
Source and citation context
- Issuer
- Scotiabank
- Report date
- August 27, 2026
- Analysis as of
- Not stated in source
Authors / editors: Derek Holt
Finvaulta summarizes Scotiabank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Global markets are quiet ahead of Fed Chair Warsh's Jackson Hole address and annual payroll revisions. Meanwhile, the BoK and BSP both delivered 25bps rate hikes, Canadian banks all beat earnings estimates, and Scotiabank Economics sharply critiques the MAGA trade and tariff agenda.
Key Takeaways
- 1.Global markets are treading water ahead of Federal Reserve Chair Warsh's Jackson Hole speech and the BLS preliminary nonfarm payroll revisions.
- 2.Asian central banks tightened monetary policy, with the Bank of Korea hiking 25bps to 3.00% (signaling another possible hike) and Bangko Sentral ng Pilipinas hiking 25bps to 5.00%.
- 3.Major Canadian banks beat earnings estimates this week, led by strong outperformance in BNS shares.
Table of Contents
- A PAIR OF ASIAN CENTRAL BANKS HIKED
- LIGHT US DEVELOPMENTS...
- ...AHEAD OF JACKSON HOLE
- CANADIAN BANKS ALL BEAT, IGNORE SEPH
- CLARIFYING TARIFF PASS THROUGH INTO CANADIAN CPI
- WHAT USTR GREER SAID AND THE THINKING THAT'S BEHIND IT
Report data
Fixed Income Government Yield Curves, Central Banks, Equities, Commodities, and Currencies
| Metric | Estimate | Context |
|---|---|---|
| Bank of Korea Base Rate | 3.00% | BoK raised its base rate by 25bps in a 6-1 vote with median 6-month forward dots pointing to 3.25%. |
| Bangko Sentral ng Pilipinas Policy Rate | 5.00% | BSP hiked its policy rate by 25bps. |
| US Initial Jobless Claims | 203 thousands | Weekly US initial jobless claims came in stable at 203k. |
| US Goods Trade Deficit | 118 USD billion | US goods exports fell -2.9% m/m while imports rose 3.7%, widening the deficit from -$101B. |
| Royal Bank of Canada Adjusted EPS | 4.28 CAD | RBC reported adjusted EPS of C$4.28 vs consensus of C$4.07. |
Reports in this series
Daily Points is shown in chronological order through this edition, published on August 27, 2026.
Part of the Daily Points series — view all 24 editions
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Authors / Editors
Reported Data Context
- Bank of Korea Base Rate: 3.00 % (August 2026) · Source: Bank of Korea
- Bangko Sentral ng Pilipinas Policy Rate: 5.00 % (August 2026) · Source: Bangko Sentral ng Pilipinas
- US Initial Jobless Claims: 203 thousands (Week ending Aug 22, 2026) · Source: US Department of Labor
- US Goods Trade Deficit: 118 USD billion (July 2026) · Source: Scotiabank Economics
- Royal Bank of Canada Adjusted EPS: 4.28 CAD (Q3 2026) · Source: Scotiabank Economics