Scotiabank Commits to Donate C$750K to Connected North

Scotiabank (BNS) has announced a partnership with Connected North to deliver online courses to youth in remote Indigenous communities.

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The bank has pledged C$750,000 to the program, which provides immersive and interactive learning services to more than 100 schools located in remote regions of the country, particularly in Aboriginal communities.

The Connexions North program, managed by the charity TakingITGlobal, offers K-12 students varied and interactive learning sessions, such as museum tours, science experiments, discussions with authors, linguistic revitalization and dance lessons, on-site or virtually.

The Scotiabank donation will be used to develop the digital platform of the program in order to promote its expansion and continuity. The funds will also support digital inclusion initiatives so that some students have access to a personal device, such as a laptop, to pursue education or training.

“Scotiabank’s support is helping to shape the growth of the Connected North program,” says Michael Furdyk, co-founder and director of technology, TakingITGlobal.

“The digital platform provides ease of access to bring unique content providers, including over 90 Indigenous role models, into the classroom in an interactive and engaging way.” (See Bank of Nova Scotia stock charts on TipRanks)

On September 7, Barclays analyst John Aiken maintained a Hold rating on BNS and a price target of C$83. This implies 7.3% upside potential.

The rest of the Street is cautiously optimistic on BNS, with a Moderate Buy consensus rating based on four Buys and four Holds. The average Bank of Nova Scotia price target of C$86.87 implies 12.2% upside potential to current levels.