TFI International (TFII) stake of 3.079% reported by Bank of Nova Scotia affiliates

Rhea-AI Filing Summary

TFI International Inc. received an amended Schedule 13G filing reporting that affiliates of Bank of Nova Scotia collectively beneficially own 2,530,889 common shares, representing 3.079% of the outstanding common shares. The reporting persons are 1832 Asset Management L.P., MD Financial Management Inc., and Scotia McLeod, a division of Scotia Capital Inc., each organized in Ontario, Canada. Together they report sole voting and dispositive power over all 2,530,889 shares and no shared voting or dispositive power, indicating discretionary control resides solely with these entities. The filing characterizes this as ownership of 5 percent or less of the class and is submitted in reliance on the institutional investor provisions for an investment adviser and broker-dealer under Rule 13d-1(b).

Key Figures

Total shares beneficially owned: 2,530,889 common shares Percent of class owned: 3.079 % 1832 Asset Management holding: 2,243,843 common shares +4 more

7 metrics

Total shares beneficially owned 2,530,889 common shares Combined holdings reported by all filing persons

Percent of class owned 3.079 % Portion of TFI International common shares outstanding

1832 Asset Management holding 2,243,843 common shares Reported as 2.7 % of TFI International common shares

MD Financial Management holding 47,267 common shares Reported as 0.1 % of TFI International common shares

Scotia McLeod holding 239,779 common shares Reported as 0.3 % of TFI International common shares

Sole voting power 2,530,889 shares Shares over which reporting persons have sole power to vote

Sole dispositive power 2,530,889 shares Shares over which reporting persons have sole power to dispose

Key Terms

beneficially owned, Sole Voting Power, Sole Dispositive Power, Schedule 13D, +2 more

6 terms

beneficially owned financial

"Amount beneficially owned: 2530889"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Voting Power financial

"5 | Sole Voting Power 2,243,843.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

Sole Dispositive Power financial

"7 | Sole Dispositive Power 2,243,843.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Schedule 13D regulatory

"otherwise be disclosed in a Schedule 13D."

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

investment adviser financial

"type of institution: investment adviser and broker dealer"

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

broker dealer financial

"type of institution: investment adviser and broker dealer"

A broker-dealer is a firm or individual that helps people buy and sell stocks, bonds and other securities (acting as a broker) and may also trade those same securities with its own money (acting as a dealer). It matters to investors because broker-dealers execute trades, hold assets, provide access to markets and research, and can create conflicts of interest — like a market operator that also sells its own goods — so their costs, speed and trustworthiness directly affect investment outcomes.

FAQ

What ownership stake in TFI International Inc. (TFII) is reported in this Schedule 13G/A?

The filing reports 2,530,889 TFI International common shares beneficially owned, representing 3.079% of the outstanding common shares, held with sole voting and dispositive power by the reporting entities.

Who are the reporting entities in the TFII Schedule 13G/A amendment?

The reporting persons are 1832 Asset Management L.P., MD Financial Management Inc., and Scotia McLeod, a division of Scotia Capital Inc., each organized in Ontario, Canada and affiliated with Bank of Nova Scotia.

How much TFI International (TFII) stock does 1832 Asset Management L.P. control?

1832 Asset Management L.P. reports 2,243,843 common shares of TFI International with sole voting and dispositive power, representing 2.7% of the company’s outstanding common shares.

What percentage of TFII does MD Financial Management Inc. hold?

MD Financial Management Inc. reports beneficial ownership of 47,267 TFI International common shares, with sole voting and dispositive power, representing approximately 0.1% of the outstanding common shares.

What stake in TFI International (TFII) is reported by Scotia McLeod?

Scotia McLeod, a division of Scotia Capital Inc., reports 239,779 TFI International common shares with sole voting and dispositive power, representing about 0.3% of the outstanding common shares.

Does this TFII Schedule 13G/A indicate ownership above 5% of the class?

No. The combined beneficial ownership is 3.079% of TFI International’s common shares, and the filing explicitly states ownership of 5 percent or less of the class.

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Available on EDGAR 08/12/2026 - 05:00 PM Accepted by SEC EDGAR 08/12/2026 - 05:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

TFI International Inc.

(Name of Issuer)

common shares

(Title of Class of Securities)

87241L109

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 87241L109

1

Names of Reporting Persons

1832 Asset Management L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 2,243,843.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 2,243,843.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,243,843.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.7 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP Number(s): 87241L109

1

Names of Reporting Persons

MD Financial Management Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 47,267.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 47,267.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

47,267.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.1 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

CUSIP Number(s): 87241L109

1

Names of Reporting Persons

Scotia McLeod, a division of Scotia Capital Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

ONTARIO, CANADA

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 239,779.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 239,779.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

239,779.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.3 %

12

Type of Reporting Person (See Instructions)

FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TFI International Inc.
(b)	Address of issuer's principal executive offices: 8801 TRANS-CANADA HIGHWAY, 8801 TRANS-CANADA HIGHWAY, SAINT-LAURENT, QUEBEC, CANADA, H4S 1Z6.
Item 2.
(a)	Name of person filing: 1832 Asset Management L.P. MD Financial Management Inc. Scotia McLeod, a division of Scotia Capital Inc.
(b)	Address or principal business office or, if none, residence: Scotiabank North, 40 Temperance Street, 16th Floor, Toronto, Ontario, M5H 0B4, Canada 1870 Alta Vista Drive, Ottawa, Ontario, K1G 6R7, Canada 40 King St. West, Scotia Plaza, 52nd Floor, Toronto, Ontario, M5W 2X6, Canada
(c)	Citizenship: Canadian Canadian Canadian
(d)	Title of class of securities: common shares
(e)	CUSIP No.: 87241L109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	If filing in accordance with Rule 240.13d-1(b)(1)(ii)(J), please specify the type of institution: investment adviser and broker dealer
Item 4.	Ownership
(a)	Amount beneficially owned: 2530889
(b)	Percent of class: 3.079 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 2530889
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 2530889
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Investment Fund Manager and Portfolio Manager is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

1832 Asset Management L.P.

Signature:	Kevin Brown
Name/Title:	Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:	08/12/2026

MD Financial Management Inc.

Signature:	Kevin Brown
Name/Title:	Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:	08/12/2026

Scotia McLeod, a division of Scotia Capital Inc.

Signature:	Kevin Brown
Name/Title:	Vice President, Asset Management Compliance, Bank of Nova Scotia
Date:	08/12/2026