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Company: Bank of Nova Scotia

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Bank of Nova Scotia main branch in Calgary, Alberta

Financial terms of the sale were not disclosed

Results from the big banks' capital markets divisions lag their U.S. peers

Bank of Nova Scotia, Toronto, On

Demand for deferrals in Canada peaked in the first week of April

O'Neill joined the bank's board in 2008 and was chairman between 2014 and 2019

Young female hands tablet with red and blue charts analyze concept calculation

CSA issues guidance for taking annual meetings online

A three-dimensional composition, a red arrow, breaks through the brick wall and can be used in any design

The bank recently announced its exit, or intention to exit, 19 countries

businessman with binoculars

Jean Francois Perrault pegs the likelihood of a Canadian recession at 25%

Bank skyscrapers in downtown Toronto

Canadian banking executives spoke at a conference in Toronto

TD, CIBC, BMO and other skyscrapers in Toronto in spring

Elevated risks to the banking system include high levels of indebtedness and global trade tensions

Profit amounted to $1.73 per diluted share for the quarter