Canada's Scotiabank posts 12 pct rise in profit

Reuters

Dec 6 (Reuters) - Bank of Nova Scotia, Canada's No.3 lender, said on Friday its fourth-quarter profit rose 12percent, helped by a rise in banking fees, stronger wealthmanagement revenue and higher net interest income.

The bank, known as Scotiabank, earned C$1.70 billion ($1.60billion), or C$1.30 per share, in the quarter ended Oct. 31.

That compared with a profit of C$1.52 billion, or C$1.18 pershare, a year earlier.

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