Suspects wanted for shooting armoured vehicle company employee at Waterloo, Ont., bank: police

Waterloo Regional Police at the scene of a shooting near the intersection of Fischer Hallman Road and Erb Street West on May 13, 2026. (Rowen Fisler/CTV News)

An employee of an armoured vehicle company was shot early Wednesday morning at a bank in Waterloo, Ont.

Gunshots rang out at the Scotiabank near Fischer Hallman Road and Erb Street West around 2:30 a.m.

The Waterloo Regional Police Service said a 25-year-old man was transported to a hospital outside the region with serious injuries.

“The victim, an employee of the armoured vehicle company, had been approached by multiple unknown individuals and was subsequently shot,” a media release said.

No suspect descriptions have been shared with the media.

GardaWorld confirmed one of their vehicles was involved in a “security incident.”

“The safety and wellbeing of our employees remain our highest priority, and we are focused on supporting the affected crew member, their family, and our local team, while fully cooperating with law enforcement,” they said in an email to CTV News. “As this is an active police investigation, we are unable to share further details at this time.”

Police have called it a targeted incident and asked anyone who witnessed the shooting, or has security video of the area, to call 519-570-9777.

They said investigators from their Break, Enter, Auto Theft and Robbery Unit, as well as the General Investigations Unit, are investigating the circumstances surrounding the shooting.

An update on the investigation is expected at 10:30 a.m.

This is developing story. More to come.