The bank’s earnings were driven by earnings growth in its wealth-management, capital markets and personal and commercial banking divisions
The group, which includes Air Canada, TD Bank, CIBC and Visa Canada, has agreed to pay $450 million in cash
Federal banking regulator sets minimum loss absorbing capacity requirement for Canada’s six large banks
Banks commercial loan portfolios are well diversified, and they have strong underlying earnings
Economic fundamentals and a rising interest rate environment on both sides of the border may be poised to offset the impact of slowing mortgage lending growth
Ratings and outlooks on systemically important banks unchanged
Capital ratios have substantially increased since 2016, which protects them from increased mortgage losses
Amendments will permit regulated non-bank institutions to use “generic bank terms”
The deal for Banco Dominicano del Progreso will double Scotiabank’s customer base in the country
The voluntary agreement will have a relatively larger effect on RBC