Go to the Globe and Mail homepage

Jump to main navigationJump to main content

AdChoices

Report on Business

Streetwise

Streetwise gives you news and analysis on Bay Street and the world of finance
available exclusively to subscribers of Globe Unlimited

Entry archive:

CI share sale nets Scotiabank extra $150-million gain Add to ...

Subscribers Only

Bank of Nova Scotia’s decision to sell the majority of its stake in CI Financial Corp. is benefitting the bank more than originally thought.

At first Scotiabank said it would recognize a $400-million gain, after tax, from selling its shares for much more than their book value. Now the bank says it will generate another $150-million gain stemming from a read of certain accounting rules.

Report Typo/Error

Follow on Twitter: @timkiladze

 

More Related to this Story

Topics

Next story

loading

Trending

loading

Most popular videos »

More from The Globe and Mail

Most popular