Encouraging earnings from Bank of Nova Scotia capped off a choppy year in Canadian banking, one that started with concerns about energy loans and is ending with optimism about higher interest rates.
Scotiabank reported a $2-billion fourth-quarter profit Tuesday, worth $1.58 a share – an 8-per-cent jump from the same period in 2015. Analysts expected earnings of $1.51 a share, according to Reuters.
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