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Office towers are photographed in Toronto's financial district on Wednesday, June 27, 2018. Avison Young says Toronto's downtown office vacancy rate was 12 per cent in the second quarter, up from 11.6 per cent in the first quarter. THE CANADIAN PRESS/ Tijana Martin
Banks brace for tough economic times in 2024
The Globe and Mail - Fri Dec 1, 6:25PM CST
The Globe and Mail
Fri Dec 1, 6:25PM CST
Bank of Montreal and Canadian Imperial Bank of Commerce were the only large lenders that set aside fewer provisions for loans that are still being repaid this quarter
Closing Bell: Bank of Nova Scotia up on Friday (BNS)
AI-generated - The Globe and Mail - Fri Dec 1, 3:02PM CST
AI-generated - The Globe and Mail
Fri Dec 1, 3:02PM CST
Bank towers are seen from Bay Street in Toronto's financial district on Wednesday, June 16, 2010. Signs of economic slowdown are growing, and Canadian banks could add more this upcoming week. The Big Six banks are set to report fourth quarter results that analysts expect to show earnings down, more money set aside for iffy loans, and hints of rising mortgage strain.THE CANADIAN PRESS/Adrien Veczan
Big Six banks boosted year-end bonus payments across the board
The Globe and Mail - Fri Dec 1, 2:09PM CST
The Globe and Mail
Fri Dec 1, 2:09PM CST
All six institutions collectively set aside $21.2-billion for bonus pay in the fiscal year ended Oct. 31, representing a 9-per-cent increase from 2022
Scotiabank Awarded Bank of the Year in Canada for the Fifth Year in a Row
Newswire.ca - Fri Dec 1, 8:00AM CST
Newswire.ca
Fri Dec 1, 8:00AM CST
/CNW/ - Scotiabank announced today that it has been named Bank of the Year in Canada by The Banker for the fifth consecutive year. Regarded as the industry...
The Bank of Nova Scotia Plaza tower in the financial district of Toronto in April of 2016.
Lagging bank stocks are winners. But is Bank of Nova Scotia rebound-proof?
The Globe and Mail - Fri Dec 1, 7:25AM CST
The Globe and Mail
Fri Dec 1, 7:25AM CST
Signs of trouble continue to emerge
A new survey finds Canadian business leaders increasingly see climate change plans as good for their bottom line. The survey by BMO of 700 small and medium business leaders in Canada and the U.S. found that 62 per cent of those north of the border see a climate change plan as good for business. Bank of Montreal signage is pictured in the financial district in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj
Bank of Montreal misses profit forecasts as higher costs, rising bad-loan provisions weigh
The Globe and Mail - Fri Dec 1, 5:54AM CST
The Globe and Mail
Fri Dec 1, 5:54AM CST
Excluding certain items, BMO reported earnings per share of $2.81 in the latest quarter compared with analysts’ forecasts of $2.86
FILE PHOTO: A journalist uses his mobile phone to take a picture of the 5G logo prior to the auction of spectrum for 5G services at the Bundesnetzagentur head quarters in Mainz, Germany, March 19, 2019. REUTERS/Kai Pfaffenbach/File Photo
5G wireless licence auction with new caps on spectrum purchasing nets Ottawa $2.16-billion
The Globe and Mail - Thu Nov 30, 6:34PM CST
The Globe and Mail
Thu Nov 30, 6:34PM CST
Unlike the previous auction, which set aside spectrum for smaller regional carriers, the most recent auction capped the amount of spectrum that companies could acquire
People walking at TD Centre in Toronto’s Financial District, are photographed on Mar 15, 2023. Ontario, (Fred Lum/The Globe and Mail)
Banks cut jobs, trim expenses as economic fears weigh on earnings
The Globe and Mail - Thu Nov 30, 5:44PM CST
The Globe and Mail
Thu Nov 30, 5:44PM CST
TD, CIBC and RBC each outlined plans to restructure their operations as they look to rein in rising costs ahead of a potential economic slowdown
CEO and President of Scotiabank Brian Porter poses for a photograph in Toronto on Thursday, April 18, 2019. (Christopher Katsarov/The Globe and Mail)
Former Scotiabank CEO Brian Porter named inaugural chair of the Ontario Infrastructure Bank
The Globe and Mail - Thu Nov 30, 3:40PM CST
The Globe and Mail
Thu Nov 30, 3:40PM CST
Porter, who was chief executive officer at Bank of Nova Scotia for more than nine years, will chair the new arm’s-length, board-run lender for large projects
Closing Bell: Bank of Nova Scotia up on Thursday (BNS)
AI-generated - The Globe and Mail - Thu Nov 30, 3:02PM CST
AI-generated - The Globe and Mail
Thu Nov 30, 3:02PM CST
TD Bank and Bank of Montreal signage is pictured in the financial district in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj
A breakdown of the big banks’ fourth-quarter earnings so far
The Globe and Mail - Thu Nov 30, 10:41AM CST
The Globe and Mail
Thu Nov 30, 10:41AM CST
The largest banks in Canada – CIBC, TD Bank, BMO, Scotiabank, RBC and National Bank – are releasing their fourth-quarter financial results this week
CIBC posts profit gain, hikes dividend as bad-loan reserves come in below analysts’ forecasts
The Globe and Mail - Thu Nov 30, 5:36AM CST
The Globe and Mail
Thu Nov 30, 5:36AM CST
In the fourth quarter, Canadian Imperial Bank of Commerce reported provisions for credit losses, money set aside to cover loans that may default, of $541-million
Closing Bell: Bank of Nova Scotia up on Wednesday (BNS)
AI-generated - The Globe and Mail - Wed Nov 29, 3:01PM CST
AI-generated - The Globe and Mail
Wed Nov 29, 3:01PM CST
The Bay Street financial district in Toronto on May 11, 2017.
Wednesday’s analyst upgrades and downgrades
The Globe and Mail - Wed Nov 29, 5:56AM CST
The Globe and Mail
Wed Nov 29, 5:56AM CST
Inside the Market’s roundup of some of today’s key analyst actions
Netherland's Defense Minister Kajsa Ollongren speaks during the inauguration of a F-16 jet pilot training hub at the Baza 86 military air base, outside Fetesti, Romania, Monday, Nov. 13, 2023. NATO member Romania inaugurated an international training hub for F-16 jet pilots from allied countries and other partners, including Ukraine, with airplanes supplied by the Royal Netherlands Air Force, and instructors and maintenance provided by Lockheed Martin, the aircraft maker. (AP Photo/Andreea Alexandru)
More ESG-driven investors may be reconsidering defence companies amid threats to democracy
The Globe and Mail - Wed Nov 29, 3:50AM CST
The Globe and Mail
Wed Nov 29, 3:50AM CST
Investors favouring ESG strategies may be surprised they may already have exposure to defence through the ETFs and mutual funds they hold
Closing Bell: Bank of Nova Scotia down on Tuesday (BNS)
AI-generated - The Globe and Mail - Tue Nov 28, 3:02PM CST
AI-generated - The Globe and Mail
Tue Nov 28, 3:02PM CST
The Bank of Nova Scotia building on Bay St. on Friday, May 5.
Market movers: Stocks seeing action on Tuesday - and why
The Globe and Mail - Tue Nov 28, 8:33AM CST
The Globe and Mail
Tue Nov 28, 8:33AM CST
A survey of North American equities heading in both directions
People make their way past a Scotiabank building in the Financial District of Toronto, Monday, Aug. 14, 2023. THE CANADIAN PRESS/Spencer Colby
Scotiabank fourth-quarter profit falls short as loan-loss reserves, expenses rise
The Globe and Mail - Tue Nov 28, 5:52AM CST
The Globe and Mail
Tue Nov 28, 5:52AM CST
In the fourth-quarter, Bank of Nova Scotia reported adjusted earnings per share of $1.26, below the $1.65 that analysts had been expecting
Scotiabank reports Q4 profit down from year ago, provision for credit losses up
Canadian Press - Tue Nov 28, 5:37AM CST
Canadian Press
Tue Nov 28, 5:37AM CST
TORONTO — Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled.
Scotiabank's head of Canadian banking is leaving after a 25-year career at the financial institution. The Bank of Nova Scotia, or Scotiabank, signage is pictured in the financial district in Toronto, Friday, Sept. 8, 2023. THE CANADIAN PRESS/Andrew Lahodynskyj
Scotiabank’s fourth-quarter profit drops on hit from higher provisions
SYNDTGAM - Tue Nov 28, 5:10AM CST
SYNDTGAM
Tue Nov 28, 5:10AM CST
Bank of Nova Scotia reported adjusted earnings per share of $1.26 in the fourth quarter, down from $2.06 a year earlier
Protesters are escorted out of the Four Seasons Hotel by the police after interrupting the Scotiabank Giller Prize ceremony in Toronto, on Monday, November 13, 2023. Corporations are under increasing scrutiny for where they stand on the Israel-Hamas conflict as protesters push for peace. THE CANADIAN PRESS/Chris Young
Companies face delicate decisions on weighing in on Israel-Hamas conflict
Canadian Press - Mon Nov 27, 3:21PM CST
Canadian Press
Mon Nov 27, 3:21PM CST
TORONTO — Corporations are under increasing scrutiny for where they stand on the Israel-Hamas conflict as protesters push for peace.
Closing Bell: Bank of Nova Scotia up on Monday (BNS)
AI-generated - The Globe and Mail - Mon Nov 27, 3:02PM CST
AI-generated - The Globe and Mail
Mon Nov 27, 3:02PM CST
Non seulement les banques ralentissent le rythme des nouveaux prêts, mais elles mettent de côté davantage d'argent pour des prêts qui pourraient devenir mauvais ou qui le sont déjà, car les taux d'intérêt plus élevés augmentent la pression sur les emprunteurs. Cela aura une grande influence sur les bénéfices. THE CANADIAN PRESS/Adrien Veczan
Banks set to report earnings strained by economic slowdown
Canadian Press - Sun Nov 26, 7:00AM CST
Canadian Press
Sun Nov 26, 7:00AM CST
TORONTO — Signs of economic slowdown are growing, and Canadian banks could add more evidence this upcoming week.
Closing Bell: Bank of Nova Scotia down on Friday (BNS)
AI-generated - The Globe and Mail - Fri Nov 24, 3:01PM CST
AI-generated - The Globe and Mail
Fri Nov 24, 3:01PM CST
Closing Bell: Bank of Nova Scotia flat on Thursday (BNS)
AI-generated - The Globe and Mail - Thu Nov 23, 3:02PM CST
AI-generated - The Globe and Mail
Thu Nov 23, 3:02PM CST