Scotiabank to close its metals business

Bank of Nova Scotia is closing its metals business, a division whose origins date back centuries and that brought prominence — and then lawsuits — to Canada’s third-largest bank. Employees were informed of the decision to shutter the operation during a conference call Tuesday morning, sources told the Financial Post.  The size and scope of […]

Scotiabank sees more room to grow within the domestic banking sector as it works to protect its home base

The Bank of Nova Scotia is forecasting favourable conditions for the domestic banking industry, and the lender is prepared to try to take more market share from its rivals in certain areas. A relatively low likelihood of recession, strong population growth fuelled by immigration and solid employment figures were among the positives cited by Scotiabank’s […]

Scotiabank expects ‘high single digit’ growth in foreign business after year of weaker gains

The Bank of Nova Scotia on Tuesday downplayed the toll that recent unrest in Latin America is likely to take on the lender’s business, saying that fallout from protests in Chile is expected to have a limited impact and highlighting that economic growth will be stable or improving in other key markets. Scotiabank president and […]