Scotiabank reports $1.3B Q3 profit, provisions for credit losses climb
Strong results in global banking, wealth management offset hit to retail banking
- By: The Canadian Press
- August 25, 2020 August 25, 2020
- 10:15
Strong results in global banking, wealth management offset hit to retail banking
Spending patterns have changed dramatically during the pandemic
Financial sector employees working from home helped buoy Ontario and Quebec economies
Among women, those with master's degrees in taxation had the highest wages
The new executive director spent almost 20 years at Ontario's securities regulator
Business groups see no hint of a major policy shift
Analysts remain cautious, but there may be room for positive surprises
ETF assets overall grew 6.4% in July
The bank reached a US$122-million settlement with the U.S. Consumer Financial Protection Bureau
The European economy may take longer to heal
The funds will now use variable amounts of leverage and a proprietary index
The umbrella group for North American securities regulators has identified 244 scams
Despite growing interest in the products, confusion about ESG definitions persists
'Hot print' from Micron Technologies boosted enthusiasm for tech stocks, says portfolio manager
Central bank sees slowdown in wage gains from collective agreements
Rise in benchmark short-term rate to 0.75% is aimed at curbing inflation
Accountant allegedly found assets used to lure investors to schemes
OSC forgoes monetary sanctions, amid bankruptcy, ongoing litigation
Execs that previously pleaded guilty in fraud case accept regulatory sanctions
Plus, Raymond James gains Richardson advisor, and promotions at BMO, CI GAM, Wellington-Altus and more
Provincial regulator can halt trading when misinformation circulates
QAFP exam has one more sitting before title protection transition ends
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record