What evidence does Scotiabank CEO Scott Thomson cite to support his claim that global investors are returning to Canada?

Thomson cites the $13.6 billion acquisition of Canadian shale producer Arc Resources Ltd. by UK-headquartered Shell Plc — the biggest deal in the Canadian energy sector in over a decade — as concrete evidence of shifting investor sentiment, marking a reversal from oil majors previously shedding Western Canadian assets.

According to Scotiabank CEO Scott Thomson, how has the investment behavior of Canadian pension funds changed, and what broader trend does this reflect?

Thomson states that Canadian pension funds, which 'have historically looked outside of the borders,' are now 'increasingly looking inside of the borders' — reflecting a wider reversal in capital flows, where 'a lot of foreign money [that had left Canada over the last 15 years] is now looking at Canada,' signaling a significant change in international investor tone toward the country.

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