56.45 +0.05 (0.08%)
After hours: 4:26PM EST
|Bid||56.44 x 1400|
|Ask||56.45 x 1000|
|Day's Range||56.36 - 56.59|
|52 Week Range||50.36 - 58.22|
|Beta (5Y Monthly)||1.16|
|PE Ratio (TTM)||11.01|
|Earnings Date||Feb 05, 2017 - Feb 09, 2017|
|Forward Dividend & Yield||2.73 (4.85%)|
|Ex-Dividend Date||Jan 05, 2020|
|1y Target Est||72.27|
TORONTO , Feb. 14, 2020 /CNW/ - 1832 Asset Management L.P. ("1832") is reporting today historical transactions made by it, on behalf of certain investment funds it manages, of trust units (the "Units") of European Residential Real Estate Investment Trust (the "REIT"). The head office of the REIT is located at 11 Church Street, Suite 401, Toronto, Ontario M5E 1W1. On September 24, 2019 , the REIT completed a prospectus offering of 40,185,000 Units (the "September Offering").
(Bloomberg) -- Canada’s homegrown tech company Shopify Inc. is on a tear.After surging annually since its 2015 initial public offering, it has rallied 36% to a market value of almost C$82 billion ($62 billion) in 2020, making it the seventh largest company on the S&P/TSX Composite Index. That puts it about C$8 billion away from usurping Bank of Nova Scotia -- the fifth biggest company. Canadian National Railway Co. -- is No. 6 on the benchmark.Shopify’s value has climbed about C$7.9 billion just this week as fourth-quarter revenue topped analysts’ estimates and the provider of online shopping tools gave an optimistic forecast for the year.Shares of Shopify have skyrocketed to fresh records amid a dearth of quality tech companies on the S&P/TSX Composite Index. The benchmark tech gauge has a mere 10 members compared with over 71 on the S&P 500’s tech index, which includes FAANG giants such as Facebook Inc., Amazon.com Inc., Apple Inc., Netflix Inc. and Google parent Alphabet Inc.Still, Shopify’s meteoric rise has some analysts calling for caution. Credit Suisse analyst Brad Zelnick downgraded the stock to the equivalent of a hold on its “lofty valuation” but raised his share price target for the U.S.-listed stock to $575 from $450. He did, however, contend that company has a “great business.” The stock is currently sitting at about $527.Markets -- Just The NumbersChart of The WeekPoliticsPrime Minister Justin Trudeau said the government will do everything it can to resolve protests that have crippled parts of the country’s railways, leading to disruptions in passenger travel and the shipment of key goods. RBC Capital Markets said the demonstrations are another reason the Bank of Canada will be “biased to ease.”Get the latest news on the pipeline protests hereThe coronavirus continues to spread within China. Finance Minister Bill Morneau said that the epidemic will take a “real” toll on Canada’s economy given it’s global knock-on effects. Reduced tourism from China and lower commodity prices will also impact Canada’s growth.EconomyA new survey showed that Canadians are growing increasingly confident of getting a job with better pay were they to leave their current workplace, another indication of the health of the nation’s labor market as the unemployment rate sits at historic lows and wages climb near the fastest pace since the recession.The housing market in major Canadian cities continued to tighten as home sales fell and prices rose in January. A combination of steady population growth, low unemployment and cheap borrowing costs have brought buyers into the market but shrinking supply is damping transactions and driving bids for homes higher in places like Toronto.Up next, economists will be watching manufacturing sales figures on Feb. 18, inflation data due Feb. 19 and retail sales expected on Feb. 21. The stock market is closed on Monday for a holiday in Ontario and some other provinces.TrendingInCanada1\. Former Mississauga Mayor Hazel McCallion, also known as “Hurricane Hazel” turned 99 with NHL’s Maple Leafs team celebrating her birthday. She was in office for 12 terms before stepping back in 2014.2\. An extreme cold warning alert was issued for the city of Toronto Friday as temperatures dip below 30 degrees Celsius (that’s -22 degrees Farenheit).\--With assistance from Shelly Hagan.To contact the reporter on this story: Divya Balji in Toronto at email@example.comTo contact the editors responsible for this story: Kyung Bok Cho at firstname.lastname@example.org, Jacqueline Thorpe, Danielle BochoveFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
MONTREAL , Feb. 11, 2020 /CNW/ - Scotiabank today concluded its inaugural Quebec Growth Technology Conference in Montreal . Scotiabank's President and CEO Brian Porter joined other business and technology leaders, to discuss Quebec's growing stature as a global technology hub and its continued focus for Scotiabank moving forward.
TORONTO , Feb. 11, 2020 /CNW/ - A recent Scotiabank Retirement Survey revealed that while 68% of Canadians are currently saving for retirement, 70% are worried that they are not saving enough. According to the findings, the average Canadian expects to need $697,000 in retirement savings, less than the average amount of $753,000 expected back in 2017. Findings from the 2019 Scotiabank Investment Poll also suggest that retirement planning has taken a back seat due to more immediate financial priorities.
CHURCHILL, MB , Feb. 6, 2020 /CNW/ - Scotiabank® Hockey Day in Canada (SHDiC) is excited to bring its cross-country celebration to Churchill Manitoba on Friday, February 7 and Saturday, February 8 , with a donation of hockey equipment provided by CCM to the local community through Project North. The event will also feature a Community HockeyFest that includes hockey clinics hosted by NHL Alumni John Chabot and Mark Stuart and an autograph session.
MEDIA ADVISORY - Scotiabank® Hockey Day in Canada celebrates its 20th anniversary in Yellowknife, Northwest Territories
MONTREAL , Jan. 30, 2020 /CNW/ - The Scotiabank Women InitiativeTM is teaming up with Réseau des Femmes d'affaires du Québec (RFAQ) to deliver tangible education through a new series of networking events connecting women entrepreneurs across Quebec . The quarterly networking events will provide a positive environment for women to learn from business experts on relevant topics, form business relationships, and enhance their knowledge and skills to take their businesses to the next level. As a Gold Sponsor of RFAQ, The Scotiabank Women Initiative is also investing in RFAQ programs to help advance women-led businesses in Quebec .
OTTAWA , Jan. 29, 2020 /CNW/ - Today, Scotiabank announced a donation of $750,000 to the University of Ottawa to launch the Scotiabank AI & Society Initiative. The Scotiabank AI & Society Initiative will initiate two research projects. AI & Inclusion will support research focused on design ethics and inclusive AI systems, while AI & Regulation will explore global AI regulations and their impact on Canadian policy makers.
TORONTO , Jan. 24, 2020 /CNW/ - The CDP has recognized Scotiabank with a climate change score of 'B,' for its strong results in the areas of climate change governance; climate change risk management; and greenhouse gas emissions reduction initiatives. The CDP, a not-for-profit charity, provides a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. Over 2330 companies have been scored by CDP according to the comprehensiveness of their disclosure and their actions towards a net-zero emissions economy, resulting in both a North American regional average and a global financial services sector average of 'C.' The scores, announced January 20, 2020 , reflect company performance from November 1, 2017 to October 31, 2018 .
Spooner joins Scotiabank's roster of sponsored Teammates which includes: Auston Matthews , P.K. Subban, Cassie Campbell-Pascall , Lanny McDonald and Darcy Tucker . TORONTO , Jan. 24, 2020 /CNW/ - Scotiabank is proud to grow their hockey roster, drafting Canadian hockey star Natalie Spooner as their newest sponsored Teammate. "We believe that Natalie exudes the important values that hockey teaches, such as respect, teamwork, inclusivity and dedication," says Mike Tasevski , Vice President, Sponsorship at Scotiabank.
Scotia Global Asset Management announces January 2020 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
Moody's Investors Service, ("Moody's") has assigned a definitive Aaa (sf) rating to the Class A Notes, a definitive A2 (sf) rating to the Class B Notes, and a definitive Baa2 (sf) rating to the Class C Notes of the Series 2020-1 issued by Trillium Credit Card Trust II (Trillium), sponsored by Bank of Nova Scotia (BNS, long-term deposits/long-term senior unsecured Aa2 stable, long-term CR assessment Aa2(cr), short-term deposit P-1, and BCA a3). Moody's assesses this likelihood from the sponsor's counterparty risk assessment (CR assessment).
TORONTO , Jan. 21, 2020 /CNW/ - Scotiabank, a leading bank in the Americas, today announced that it has been included in the 2020 Bloomberg Gender-Equality Index (GEI), which recognizes companies committed to transparency in gender reporting and gender equality in the workforce. This is the third year in a row that the Bank has been included in the index. The 2020 GEI comprises 325 companies representing 42 countries and regions across 50 industries including automotive, banking, consumer services, engineering and construction, and retail.
Scotiabank Releases Revised Q4 2019 Supplementary Financial Information Package Reflecting Previously Announced Business Realignment
Dividend paying stocks like The Bank of Nova Scotia (TSE:BNS) tend to be popular with investors, and for good reason...
SANTIAGO, Chile and TORONTO , Jan. 16, 2020 /CNW/ - Scotiabank, a leading bank in the Americas, announced today a five-year academic partnership with Federico Santa Maria University in Santiago, Chile to create the Scotiabank Centre for Digital Transformation. As part of this academic partnership, Scotiabank will invest USD$1,250,000 over five years benefitting an estimated 6,000 students participating in the program. The focus of the academic partnership is to enhance research and development in digital innovation and encourage the participation of women in the fields of science, technology, engineering and mathematics (STEM).