Mergers & AcquisitionsMediumUpdated•Originally published 6 November 2026•Updated 6 November 2026•
1 min read
National Bank of Canada to Acquire Embark Student Corp. to Boost Digital Education Savings
Key Facts
1National Bank of Canada announced an agreement to acquire the education savings plans business of the Canadian Scholarship Trust Foundation.
National Bank of Canada has entered into a definitive agreement to acquire Embark Student Corp., a digital education savings and planning company. Seeking Alpha reported that the move is part of the bank's strategy to bolster its family-oriented financial planning and wealth management services.
NTIOF was trading at $152.73 on November 5, 2026, having reached a session high of $157.69. The acquisition announcement comes as Canadian economic data released on November 6, 2026, showed the unemployment rate rising to 6.7%, surpassing the 6.5% forecast.