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The Scotiabank tower in downtown Toronto is shown in a Wednesday, June 16, 2010 photo. Scotiabank boosted its second-quarter net profit by 14 per cent to $1.8 billion, helped by its Canadian banking and global wealth and insurance segments. That's up from $1.58 billion in the same quarter of 2013.
The Scotiabank tower in downtown Toronto is shown in a Wednesday, June 16, 2010 photo. Scotiabank boosted its second-quarter net profit by 14 per cent to $1.8 billion, helped by its Canadian banking and global wealth and insurance segments. That's up from $1.58 billion in the same quarter of 2013.
(Adrien Veczan/The Canadian Press)

Scotiabank hints at more foreign acquisitions

Bank of Nova Scotia chief executive officer Brian Porter won’t come right out and say it, but it’s pretty clear foreign acquisitions are on his radar.

Already flush with capital and expected to boost its cash pile by selling its stake in CI Financial, Scotiabank is in the perfect position to strike a deal.