Bank of Nova Scotia’s board gave Chief Executive Officer Scott Thomson a raise, with his overall compensation increasing to C$13.2 million ($9.7 million) last year as he exceeded his target bonus.

Xanadu Quantum Technologies Inc. is set to receive as much as C$390 million ($287 million) in government financial aid to build the engineering and domestic manufacturing capabilities for its first quantum-powered data center in Ontario, a deal that’s being negotiated just as the company is about to go public.