1832 Asset Management

Scotiabank subsidiary divests from Israeli military technology company

By: April Smith, SFU Student Scotiabank recently reduced its holdings in Israeli military technology company Elbit Systems following a series of protests that took place across Canada spanning March through June. According to the US Securities and Exchange Commission, their holdings have dropped from shares valued at $237 million in May to $113 million in August. In March, 1832 Asset Management, the subsidiary responsible for making these investments on behalf of Scotiabank, also reduced its holdings in Elbit. This comes after increasing pressure from activists across Canada. In an interview with The Peak, Tamer Aburamadan, a local Palestinian activist, described…

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