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Company: Bank of Nova Scotia

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Rising credit provisions and weak markets weighed on Q3 profits

Bank of Nova Scotia main branch in Calgary, Alberta

Weak financial markets pushed down wealth management revenue

compensation communication

As the bid for talented advisors increases, other Big Six banks haven't made material changes to compensation for incoming branch advisors

  • By: Katie Keir
  • August 19, 2022 August 19, 2022
  • 10:30
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Banks likely to build loan-loss provisions as economic uncertainty grows

Low angle view of Skyscrapers in downtown Toronto during the day

The Bank of Canada said interest rates will need to rise further to reduce the highest inflation in decades

  • By: IE Staff
  • July 13, 2022 July 13, 2022
  • 16:20
Low angle view of Skyscrapers in downtown Toronto during the day

Rating agency affirms Big Six ratings, upgrades Scotia's outlook

Low angle view of Skyscrapers in downtown Toronto during the day

Revenues were generally strong but earnings differed based on loan-loss reserves, Fitch said

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Global wealth management earnings grew 9%

Low angle view of Skyscrapers in downtown Toronto during the day

Big Six profits should get a lift from the BoC's inflation fight

Bank of Nova Scotia, Toronto, On

But the banks say that climate-related shareholder proposals limit their options for achieving net-zero commitments