Scotiabank

• Scotiabank beats profit estimates on interest income strength, BMO misses

  Scotiabank on Tuesday beat estimates for its first-quarter profit, helped by robust growth in interest income, while BMO fell short due to bigger loan-loss provisions.

  Economy

  Feb 27
  
• Calgary police investigate alleged bank robbery in southwest

  According to a Calgary Police Service spokesperson, the Scotiabank inside Lakeview Plaza at 6449 Crowchild Trail S.W. was held up on Saturday.

  Crime

  Feb 17
  
• Advertisement
• Scotiabank eyes North American growth, could exit some foreign markets

  Scotiabank chief executive Scott Thomson says the bank is increasing its focus on North America and wealth management as part of its new growth strategy.

  Money

  Dec 13, 2023
• Advertisement
• Scotiabank Q4 profit falls, amount set aside for bad loans more than doubles

  Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled.

  Money

  Nov 28, 2023
• Scuffles break out during Toronto protest over Israel-Hamas conflict

  Scuffles broke out during a protest over the Israel-Hamas conflict at a Scotiabank building in downtown Toronto on Friday, with police claiming demonstrators "became aggressive."

  Canada

  Nov 17, 2023
• Scotiabank cutting 3% of staff amid efforts to streamline banking operations

  Scotiabank announced layoffs Wednesday as a result of changes at the bank and customers' day-to-day banking preferences, as well as ongoing efforts to streamline operations.

  Canada

  Oct 18, 2023
• Mortgage stress looms over Canada’s big banks. What they — and consumers — can do

  Earnings season from Canada's biggest banks show stretched amortizations persist among lenders' mortgage books. Here's what to know if your mortgage is up for renewal.

  Money

  Aug 31, 2023
• BMO, Scotiabank set aside more funds to cover bad loans amid higher interest rates

  BMO and Bank of Nova Scotia, missed analysts' estimates for quarterly profit on Tuesday as they set aside more funds to cover for bad loans.

  Money

  Aug 29, 2023
• Advertisement
• Big six lenders raise prime rates past 7% after Bank of Canada hike

  The cost of borrowing has increased again as all six big Canadian banks hiked their prime rates in lockstep with the Bank of Canada's policy rate.

  Money

  Jul 13, 2023
• Advertisement
• Canada’s banks are guarding against bad loans. What this means for your money

  Canada's banks put away more money for bad loans this past quarter. Canadians should take that as a signal they may need to tighten their belts further in the months ahead.

  Money

  May 28, 2023