|Bid||71.15 x 0|
|Ask||71.16 x 0|
|Day's Range||70.75 - 71.42|
|52 Week Range||66.36 - 78.60|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||10.62|
|Forward Dividend & Yield||3.48 (5.08%)|
|1y Target Est||N/A|
TORONTO , June 17, 2019 /CNW/ - 1832 Asset Management L.P., as Trustee and Manager of ScotiaFunds, today announced that it has received securityholder approval at special meetings held on June 14, 2019 to merge certain mutual funds. Purchases of units of the Terminating Funds, including pre-authorized contribution plans were suspended effective as of the close of business March 15, 2019 . Following each merger, unitholders can re-establish a pre-authorized contribution plan or automatic withdrawal plan with respect to the Scotia International Equity Fund by contacting their advisor or registered dealer. Effective on the date of the mergers, the Manager will also reduce the Fixed Administration Fee for Series A and Series F of the Scotia International Equity Fund from 0.35% to 0.25%.
More than 10,000 racers participated in the 16th Annual Scotiabank Blue Nose Marathon, raising over $500,000 for local community charities
TORONTO , June 4, 2019 /CNW/ - Scotia Global Asset Management today announced a non-cash distribution for the Scotia Strategic Fixed Income ETF Portfolio listed on the TSX. The non-cash distribution, as presented in the table below, will be made to all securityholders of record as at May 31, 2019 , payable on June 7, 2019 . The portfolio was considered a "financial institution" for purposes of the "mark-to-market" rules contained in the Income Tax Act ( Canada ). The portfolio ceased to be a financial institution when not more than 50% of the portfolio was held by one or more financial institutions which resulted in a deemed year-end for tax purposes.
TORONTO , May 30, 2019 /CNW/ - Today, Scotiabank announced its signing of both the UN LGBTI (lesbian, gay, bi, trans and intersex) Standards for Business Conduct and the UN Women's Empowerment Principles (WEPs), further demonstrating the Bank's continued commitment to Diversity and Inclusion and the alignment to the Bank's Sustainable Business strategy, launched in its 2018 Sustainable Business report. "Scotiabank is committed to being an inclusive employer and an advocate for women and members of the LGBTI community.
TORONTO , May 30, 2019 /CNW/ - The Bank of Nova Scotia ("Scotiabank") (TSX, NYSE: "BNS") announced today that the Toronto Stock Exchange ("TSX") and the Office of the Superintendent of Financial Institutions ("OSFI") have approved its normal course issuer bid to purchase up to 24 million of its Common Shares. This represents approximately two per cent of the 1,222,156,667 Common Shares issued and outstanding as of May 24, 2019 . Scotiabank believes that the purchase of its Common Shares at market prices may be an appropriate use of its funds to generate shareholder value, as well as for capital management purposes.
Scotiabank Announces Redemption of Scotia BaTS III Series 2009-1 by Scotiabank Tier 1 Trust
TORONTO , May 28, 2019 /CNW/ - The Bank of Nova Scotia ("Scotiabank") (TSX, NYSE: "BNS") announced today its intention to seek Toronto Stock Exchange ("TSX") approval for a normal course issuer bid to purchase up to 24 million of its Common Shares. This represents approximately two per cent of the Common Shares issued and outstanding as of May 24, 2019 . Scotiabank believes that the purchase of its Common Shares at market prices may be an appropriate use of its funds to generate shareholder value, as well as for capital management purposes.
Calgary women lead the pack of more than 9,000 racers celebrating the 55th anniversary of the Scotiabank Calgary Marathon
TORONTO , May 24, 2019 /CNW/ - Tonight, at the Beyond Boundless event, in support of the SickKids Herbie Fund, Scotiabank announced a new $1 million donation to support Phase Two of the SickKids-Caribbean Initiative, a project with a goal of helping to build a sustainable program to diagnose and treat paediatric cancer and serious blood disorders in the Caribbean . The initiative – in which Scotiabank is recognized as the Telemedicine Partner – connects doctors at The Hospital for Sick Children (SickKids) in Toronto with doctors in six countries in the Caribbean to help improve – and in many cases, save the lives of young people. In addition, medical professionals across the Caribbean have access to participate in educational programming in Canada without ever setting foot on a plane.
Scotia Global Asset Management announces May 2019 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
CALGARY , May 23, 2019 /CNW/ - The 55th edition of the Scotiabank Calgary Marathon takes place this weekend with participants raising money for 78 local charities, as part of the Scotiabank Charity Challenge. Canada's longest running marathon, The Scotiabank Calgary Marathon, features the: 50km Ultra, Scotiabank Calgary Marathon, Centaur Subaru 21.1km, Jugo Juice 10km, GoodLife Fitness 5km Walk & Run and the Scotiabank Kids Marathon, for those 12 years of age and under.
TORONTO , May 7, 2019 /CNW/ - Today Stephen Waddell was named the winner of the ninth annual Scotiabank Photography Award at a gala reception in Toronto . "Stephen's refined photographic explorations evoke his keen awareness about the poetics of space and the history of painting, while also walking the line between documentary and intimately personal visualizations." said Edward Burtynsky, Chair of the Scotiabank Photography Award jury and internationally renowned Canadian photo artist. As part of the prestigious Scotiabank Photography Award, Stephen Waddell will receive a $50,000 cash prize, a solo Primary Exhibition during the 2020 Scotiabank CONTACT Photography Festival, and a book of his work will be published and distributed worldwide by renowned art book publisher, Steidl.
TORONTO , May 7, 2019 /CNW/ - Scotiabank today confirms plans to create a Global Wealth Management business line, effective November 1 st, 2019. The new business line, Global Wealth Management, reflects our commitment to accelerating our wealth management strategy, following the recent acquisitions of MD Financial Management and Jarislowsky Fraser, and the Bank's focus on achieving scale across Canada and our key international markets. Canadian Banking will remain focused on growing Personal, Commercial Banking and Insurance businesses in Canada , delivering for our customers and driving our digital agenda.
MONTRÉAL, May 6, 2019 /CNW/ - Beginning on May 7 th, with the support of Scotiabank, FitSpirit Celebrations will be held in eight cities across Ontario and Québec to inspire girls to come together and rediscover the joys of physical activity through a range of exciting challenges and activities. The Celebrations are open to girls ages 12-17 and are designed to encourage physical fitness, regardless of athletic abilities. New this year, FitSpirit welcomes non-partner schools and girls who haven't participated in FitSpirit activities in the past to join in on the experience.
TORONTO and SANTO DOMINGO, May 1, 2019 /CNW/ - Scotiabank announced today that it has completed the previously reported sale of Scotia Crecer AFP and Scotia Seguros, its pension and related insurance businesses in the Dominican Republic , to Grupo Rizek . Grupo Rizek is one of the largest and most prominent diversified business groups in the Dominican Republic with a long-standing reputation in agribusiness and the financial services industry. "We are pleased and proud to have completed this transaction with Scotiabank's team, during which we were able to confirm that the Bank employs the best financial practices and adheres to the highest local and international standards.
A Record Breaking $1.5 million Raised Through the Scotiabank Charity Challenge at Banque Scotia 21k de Montréal 2019
MONTREAL , April 24, 2019 /CNW/ - At the 2019 Banque Scotia 21k de Montréal, many of the runners will have two important goals, finishing the race and raising important funds for the 80 charities participating in the Scotiabank Charity Challenge. In its 17th year, the Banque Scotia 21k de Montréal remains one of Québec's most important road races and fundraising runs, supporting 80 charitable organizations this year.
Scotia Global Asset Management announces April 2019 cash distribution for Scotia Strategic Fixed Income ETF Portfolio
Seventh annual Talk With Our Kids About Money Day (TWOKAM Day) – supported by Scotiabank – now underway in thousands of classrooms and homes across the country helping to prepare young people for their financial futures. TORONTO , April 17, 2019 /CNW/ - Talking with kids about money to improve financial literacy is increasingly recognized as a priority, not only for Canada's young people, but also for the future financial health of individuals, families and communities. There is growing recognition across Canada and around the world of the correlation between financial health and physical and mental health and wellbeing.
TORONTO , April 16, 2019 /CNW/ - In celebration the nationwide Talk With Our Kids About Money (TWOKAM) Day program – supported by Scotiabank, 20 teams of grade five and six students will participate in a Money Fair and showcase what they have learned about money – by setting up their displays in the concourse level of Scotia Plaza. The event is being held on Wednesday, April 17 , as part of the cross- Canada TWOKAM Day. The program, created by the Canadian Foundation for Economic Education (CFEE) and supported by Scotiabank, is designed to get teachers and parents engaged in talking with our kids about money. As one way to participate in the Day, many schools are organizing Money Fairs. A Money Fair involves pairs of students selecting a money topic that is of interest to them, undertaking research to explore and learn about that topic and preparing a creative presentation that showcases what they have learned.
TORONTO , April 12, 2019 /CNW/ - Global growth is slowing as the economy works through a soft patch. The expansion is in a delicate situation. The global economy is particularly vulnerable to policy missteps, notably President Trump's continued threats to disrupt US trade flows.