|Bid||57.55 x 1000|
|Ask||57.56 x 1400|
|Day's Range||57.45 - 57.68|
|52 Week Range||48.34 - 57.72|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||11.24|
|Earnings Date||Feb 6, 2017 - Feb 10, 2017|
|Forward Dividend & Yield||2.72 (4.75%)|
|1y Target Est||72.27|
/R E P E A T -- Media Advisory/Photo Opportunity - Scotiabank Toronto Waterfront Marathon Race Week Schedule/
TORONTO , Oct. 16, 2019 /CNW/ - Quebec will lead the provinces in economic growth this year, with British Columbia and Alberta claiming the top spots in 2020 and 2021, respectively, says Scotiabank Economics in its Q4 Provincial Economic Outlook. The report was released this morning, on the heels of Scotiabank Economics' overall Q4 Global Economic Outlook titled, "A Most Uncertain World", published Thursday. "Lifted by firm job creation and an upswing in machinery and equipment investment, Quebec will lead the provinces in economic growth in 2019," said Marc Desormeaux , Provincial Economist at Scotiabank.
Brian Porter has been the CEO of The Bank of Nova Scotia (TSE:BNS) since 2013. This report will, first, examine the...
TORONTO , Oct. 10, 2019 /CNW/ - Scotiabank Economics today published its Q4 Global Economic Outlook report. This comprehensive report explores the effects of US trade policies on global business spending for the remainder of 2019 and into 2020. "There are now clear signs that Trump's trade policies, along with a raft of other Trump-related developments, are leading to a pull-back in global business spending," said Jean-François Perrault, Senior Vice President and Chief Economist at Scotiabank.
Hedge funds run by legendary names like George Soros and David Tepper make billions of dollars a year for themselves and their super-rich accredited investors (you’ve got to have a minimum of $1 million liquid to invest in a hedge fund) by spending enormous resources on analyzing and uncovering data about small-cap stocks that the […]
TORONTO , Oct. 7, 2019 /CNW/ - Scotiabank is adding two additional paid personal days for eligible Canadian employees in support of mental health and broader wellbeing. "Our people are our most important asset, and their wellbeing is a top priority for Scotiabank," says Barbara Mason , Chief Human Resources Officer.
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
VANCOUVER , Oct. 3, 2019 /CNW/ - Today, Forum for Women Entrepreneurs (FWE), in collaboration with The Scotiabank Women Initiative™, launched a podcast series: The Go-To: For Entrepreneurs in the Know, bringing accessible, free and tangible education to women entrepreneurs across Canada . The Go-To, is a bi-weekly podcast available in both official languages, English and French, and is available on Apple Podcast, Google Play and more, and at www.fwe.ca/thegoto and scotiabankwomeninitiative.com. "We are delighted to team up with FWE to bring tailored education to women business leaders through our program," said Gillian Riley , President and CEO, Tangerine, and executive sponsor of The Scotiabank Women Initiative™.
TORONTO , Oct. 1, 2019 /CNW/ - Scotiabank announced today the launch of the Ultimate Package, a new premium banking solution that offers customers even more value and rewards by addressing their saving, spending, and investing needs – all from one package.
TORONTO , Oct. 1, 2019 /CNW/ - Scotia Global Asset Management today announced a non-cash distribution for the Scotia Strategic Canadian Equity 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 September 30, 2019 , payable on October 4, 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.
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Prime Minister Justin Trudeau, fighting for his political life three weeks away from an election, is seeking a second mandate from voters to increase the nation’s debt to deliver tax cuts and spending.In a costed platform released Sunday, the incumbent Liberals detailed a C$57 billion ($43 billion) plan over four years -- worth about half a percent of annual gross domestic product -- and pledged to pay for it with fresh borrowing, should they retain power.The plan represents a doubling down by Trudeau on deficit spending his team says is needed to stoke growth and provide struggling households, many of them with high levels of personal debt, with help. The prime minister’s critics, however, say the Liberals have been spending too much in good times and aren’t setting enough fiscal ammunition aside for when a recession hits.Under the Liberal plan, Canada’s deficit would peak at C$27.4 billion next year, bringing it above 1% of GDP for the first time since 2012, before dropping to C$21 billion by 2023. That far exceeds the C$14 billion deficit recorded in 2018. In total, the plan would add an additional C$31.5 billion in deficits and bring the cumulative budget gap over the next four years to C$93 billion.Politically, the Liberals hope the higher deficits will give them a potential wedge issue in a campaign where the two major parties have rolled out similar policy objectives -– from tax cuts to helping first time home buyers and seniors. Conservative Leader Andrew Scheer has yet to release his full fiscal projection but has promised to eventually return the budget to balance, though only over five years.Rate ImplicationsIn fact, given Scheer’s reluctance for a quick return to balance, both the Liberal and Conservative plans are poised to deliver a boost to the economy next year, no matter who wins. It’s perhaps even enough to prompt the Bank of Canada to reconsider cutting interest rates, according to Jean-Francois Perrault, chief economist at Bank of Nova Scotia in Toronto.“It seems clear whoever is in power, you are looking at a bigger deficit than had there not been an election,” Perrault said in a telephone interview.Opinion polls show the Liberals are running neck and neck with the Conservatives, despite Trudeau’s campaign being jolted by revelations he wore black and brownface makeup numerous times as a younger man. Seat projections tabulated by the Canadian Broadcasting Corp. show neither party holding enough support to win a majority.Deficits matter in Canada, with a collective aversion to debt that was cemented in the mid-1990s amid ratings agency downgrades, a falling currency and a national unity crisis. It remains an explosive issue, even though Trudeau’s deficits have hovered at less than 1% of GDP, far below many other western nations. The U.S. budget deficit is close to 5% of GDP.In the 2015 election campaign, Trudeau pledged to run deficits but for only three years and no more than a cumulative C$25 billion. By 2019, Canada’s budget would be back in balance.Since taking power however, his budget gaps have escalated and Trudeau has abandoned any willingness to balance the budget. In fact, he’s using his deficits as a lever to attack the opposition Conservatives, claiming they plan to bring austerity measures that will slow the economy and eliminate government services.“I will let the Conservatives explain why cuts and austerity -- if they really think so -- are going to help Canadians,” Trudeau told reporters at a Toronto-area campaign stop Sunday.Deficit TrackTrudeau’s first three budgets were in the negative by a cumulative C$52 billion. His last budget in March projected a deficit for the current fiscal year of about C$20 billion.The Liberals would retain their existing fiscal anchor, which is to keep the nation’s debt as a share of GDP on a downward trajectory -- but just barely. The debt-to-GDP ratio would fall to 30.2% by 2023, from 30.9% last year. That’s well above the 28.6% the government had projected in four years’ time in its last budget in March. They also pledged to preserve Canada’s AAA credit rating.There are new revenue raising measures, totaling C$25.4 billion over four years, in the Liberal platform.The tax measures announced Sunday are short on details, but will be focused on corporations and wealthier Canadians, according to the documents. The Liberals believe they can raise an additional C$2 billion as early as next year by undertaking “a new comprehensive review of government spending and tax expenditures, to ensure that wealthy Canadians do not benefit from unfair tax breaks.”They also expect to raise C$1.7 billion in 2020 by cracking down on corporate tax loopholes that allow companies to deduct debt. Other new measures include a 3% value-added-tax on digital companies with worldwide revenue of more than C$1 billion. It would take effect April 1 and be expected to raise more than C$500 million next year. The Liberals also plan to impose a 10% luxury tax on cars and boats worth more than C$100,000.(Updates with details throughout.)\--With assistance from Erik Hertzberg, David Scanlan and Eric Lam.To contact the reporter on this story: Theophilos Argitis in Ottawa at email@example.comTo contact the editors responsible for this story: Theophilos Argitis at firstname.lastname@example.org, Stephen Wicary, Chris FournierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Bank of Nova Scotia said on Friday it will not proceed with a proposed sale of its operations in Guyana following opposition from the central bank. Canada's third-biggest lender agreed in November to sell the business to Republic Financial Holdings Ltd, the Trinidad and Tobago-based parent company of Republic Bank, as part of a plan to exit nine countries in the Caribbean, including Antigua and Grenada. The Bank of Guyana cited concerns about concentration and competition in denying Scotiabank permission, The Globe and Mail reported https://www.theglobeandmail.com/business/article-scotiabanks-deal-to-pull-out-of-9-caribbean-south-american-countries earlier.
Bank of Nova Scotia's efforts to pull out of nine Caribbean and South American countries hit another block this week as a proposed deal to sell its operations in Guyana was turned down by the central bank, The Globe and Mail reported. The Bank of Guyana cited concerns about concentration and competition in denying Scotiabank permission to sell the business to Republic Financial Holdings Ltd, the Trinidad and Tobago-based parent company of Republic Bank, according https://tgam.ca/2ndTmvyto the report. Canada's third-biggest lender said last November that it planned to exit nine countries in the Caribbean, including Antigua and Grenada, by selling its operations to Republic Financial Holdings.
The investment was announced at its fourth Un-Mentorship Boot Camp for women entrepreneurs held today in Toronto . "We are committed to strengthening equality for women-led businesses and that includes providing equal access to capital and to our full suite of financing solutions," said Gillian Riley , President and CEO, Tangerine, and executive sponsor of The Scotiabank Women Initiative™. Central to the program's education pillar are the Un-Mentorship Boot Camps – a series of half-day sessions that help women increase their business savvy by networking and exploring business challenges together.
Bank of America analysts turned bullish on Canadian -based Bank of Nova Scotia (NYSE: BNS ) after investor meetings with CEO Brian Porter and SVP Investor Relations Phil Smith. The Analyst Bank of America ...
Scotia Global Asset Management announces September 2019 cash distributions for Scotia Strategic ETF Portfolios
TORONTO , Sept. 18, 2019 /CNW/ - Scotiabank has donated $500,000 to the Terry Fox Foundation PROFYLE program, to help give young Canadians with hard-to-treat cancers access to potentially life-saving treatment. The Terry Fox PROFYLE – short for PRecision Oncology For Young peopLE – is a unique program that uses precision medicine to treat qualifying babies, children and young adults across Canada . Through this project, patients who are out of treatment options have their tumours and genomes profiled and analyzed, and are connected to a network of top cancer researchers.
Scotiabank's Group Head of Canadian Banking Dan Rees to Speak at CIBC's 18th Annual Eastern Institutional Investor Conference
TORONTO , Sept. 10, 2019 /CNW/ - Scotiabank is further strengthening its market-leading suite of credit cards with a refresh of the Scotiabank Gold American Express® Card. The newly refreshed card offers the highest earn rate available in the market for Groceries, Dining and Entertainment**, introduces new accelerated earn categories, and showcases the flexibility of the Scotia Rewards® program. "We're extremely proud of the incredible value we're delivering to our customers through our newly refreshed Scotiabank Gold American Express Card," said Brett Mooney , Senior Vice President, Credit Cards & Unsecured Lending for Scotiabank.
TORONTO , Sept. 10, 2019 /CNW/ - Women in Payments will honour six inspiring people with awards for their leadership in the payments ecosystem at the eighth annual Women in Payments Canada Symposium on September 18 and 19, 2019. The Women in Payments Awards Dinner on September 18, 2019 , is presented by Scotiabank. The Awards champion women in the Canadian payments industry at all stages of their careers, recognizing and honouring one woman in each of the award categories: Rising Star, Innovation, Thought Leader, Advocate for Women, Inspiration, and Distinguished Payments Professional.
TORONTO , Sept. 9, 2019 /CNW/ - Scotiabank (BNS: TSX, NYSE) today announced its intention to redeem all outstanding 3.036% subordinated debentures due October 18, 2024 at 100% of their principal amount plus accrued interest to the redemption date. The redemption will occur on October 18 , 2019. Formal notice will be delivered to the debenture holders in accordance with the terms and conditions set forth in the related trust indenture. The redemption has been approved by the Office of the Superintendent of Financial Institutions and will be financed out of the general funds of Scotiabank.