FINANCIAL_SERVICESAPPROVED

Municipality of Central Elgin Awards Financial Services Contract to Bank of Nova Scotia (August 2026)

Central Elgin approved reinvestment of $2,275,900 held with the Bank of Nova Scotia into a 2-year instrument, topping the amount up to $5 million using surplus funds. The investment will be placed at the higher of market or negotiated interest rates.

Status
APPROVED
Document date
August 7, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Bank of Nova Scotia
Agency
Municipality of Central Elgin · Canada

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$2,275,900 reinvested in a 2-year investment, plus top-up to $5,000,000
Contract type
FINANCIAL_SERVICES
Contract term
2 years from on or about August 20, 2026
Renewal date
2028-08-20
Renewal
Investment matures approximately two years after August 20, 2026, at which point reinvestment decisions will be required.
Document type
Agenda
Source document
Municipality of Central Elgin Agenda 2026-08-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Municipality of Central Elgin?

Bank of Nova Scotia was awarded this financial services contract by Municipality of Central Elgin, as recorded on August 7, 2026. The contract value is $2,275,900 reinvested in a 2-year investment, plus top-up to $5,000,000.

How much is the Bank of Nova Scotia contract with Municipality of Central Elgin worth?

The Bank of Nova Scotia contract with Municipality of Central Elgin is valued at $2,275,900 reinvested in a 2-year investment, plus top-up to $5,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Municipality of Central Elgin Agenda 2026-08-11 (Agenda), dated August 7, 2026 from Municipality of Central Elgin. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Bank of Nova Scotia hold?

Bank of Nova Scotia may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Bank of Nova Scotia's profile

What is Municipality of Central Elgin currently buying?

Explore Municipality of Central Elgin's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

View Municipality of Central Elgin's profile

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