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Bank of Nova Scotia Buys Record Stake in Royal Bank Of Canada

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CAD
Share

Bank of Nova Scotia purchased 12,311,637 shares of Royal Bank Of Canada in the second quarter, valued at approximately $2.55 billion.

This purchase represents about 3.8% of Bank of Nova Scotia's investment portfolio and makes Royal Bank Of Canada its fourth-largest holding.

The Canadian bank now owns around 0.89% of Royal Bank Of Canada's outstanding shares, which is a significant increase in its stake.

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