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A man walks past a Scotiabank branch on Bloor Street West in Toronto in this file photo. (Darren Calabrese For The Globe and Mail)
A man walks past a Scotiabank branch on Bloor Street West in Toronto in this file photo. (Darren Calabrese For The Globe and Mail)

Scotiabank spurs optimism as big quarter caps bumpy year Add to ...

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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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