The two Canadian banks have followed similar patterns over the past year, matching each other issuance.
However, Scotiabank took the lead during the second quarter of 2021 with 141 structured products with the Royal Bank of Canada (RBC) trailing behind with just 87. Scotiabank’s structured product issuance started off strong in Q2 20 with 102 products though this figure took a hit in the third quarter of 2020, falling to 73 products. Product issuance remained stagnant in the final quarter but swiftly recovered in Q1 21 to total 106. In Q2 21, Scotiabank rolled out an income note wrapper ti