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Scotiabank News

Op-Ed: Scotiabank with almost $2 billion in profits cuts 1500 jobs

Toronto - Scotiabank is cutting 1,000 jobs in Canada and another 500 in branches outside of Canada. The cuts are happening in a year when the bank has made well over $1 billion in profit.

Scotiabank raises dividend, still seeks growth abroad

Bank of Nova Scotia <BNS.TO> capped off Canada's bank earnings period with a higher quarterly profit and a dividend increase on the back of strong domestic lending volumes and wealth management i...

Scotiabank profit climbs on domestic lending, acquisitions

Bank of Nova Scotia <BNS.TO> on Tuesday reported a 6 percent rise in quarterly profit on the back of recent acquisitions and higher lending volumes, and it increased its quarterly dividend.

Scotiabank set to acquire ING Direct Canada for $3.1 billion

Toronto - After months of ING Direct considering selling off its Canadian operations, the nation's No. 3 financial institution Scotiabank announced that it will acquire the online bank for $3.1 billion in cash.

Scotiabank posts $1.46 billion Q2 profit

Toronto - The Bank of Nova Scotia posted its second quarter numbers Tuesday. Although the figures suggest a decrease in Q2 profits from a year ago, the results still show better-than-expected profits.

Canadian man pays off student loan in $114,000 cash

Toronto - Last week a Canadian man paid off the remaining balance on his student loan, a total of $114,000 ─ in cash. At the time the story circulated on social media, the man's identity was not known, but this week he has been identified.

Canada's bank bailout concealed by government

A think-tank claimed that Canada's banks secretly received billions from the government to bail them out during the recession. Toronto Sun says this is pure leftist propaganda for the May 1st crowd and occupy protesters.

Shortlist for the ScotiaBank Photography Award 2012 announced Special

Toronto - Today the shortlist for the ScotiaBank Photography Award 2012 (SPA) was announced at the bank's Toronto headquarters. The award celebrates excellence in Canadian contemporary photography, offering a benchmark for others to achieve to.

Scotiabank set to sell Toronto Scotia Plaza tower for $1 billion

Toronto - One of the largest skyscrapers in the downtown Toronto landscape, Scotiabank is considering selling off its Scotia Plaza tower on Bay Street for $1 billion. Analysts say this could be the largest commercial real estate deal in Canada.

Running for a cause? Waterfront Marathon in Toronto Special

Toronto - The Scotiabank Toronto Waterfront Marathon took place this morning along the lake shore area of Toronto. The largest marathon in Toronto runners from around the world take part but who is the race benefiting?

Street performers busking for epilepsy at 12th Toronto BuskerFest Special

Toronto - The 12th annual BuskerFest is coming to Toronto next week and organizers held a media launch showcasing some of the talent that will be performing at the event. From Australian fire-dancers to the invasion of giant ants, the globe is busking.

Study: Canadians want to go green but overwhelmed by options

A new study commissioned by Scotiabank finds that Canadians want to have greener renovations to their homes but have a difficult time navigating through the maze of options.

GPS social networking service growing, making maps cool again Special

POIFriend launched last year to give GPS users a tool to list their favourite locations and plot those hot spots on readable maps. The social networking-like service for GPS users is seeing incredible growth, as corporations jump on board to help.

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Scotiabank Waterfront Marathon Toronto
Scotiabank Waterfront Marathon Toronto
Scotiabank Waterfront Marathon Toronto
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