Scotiabank upgraded Grupo Mexico (GMBXF) to Sector Perform from Underperform with a price target of MXN 112, up from MXN 87.

As for its international banking segment, Scotiabank said it was focused on improving returns as it prioritises capital consumption, while favouring high-return businesses in Mexico and the Caribbean.

The Canadian dollar and Mexican peso slumped after President Donald Trump affirmed the launch of 25% tariffs on products from ...

Bank of Nova Scotia is keeping its focus squarely on North America. That’s according to CEO Scott Thomson, who joined BNN ...

Scotiabank's net income dropped to 993 million Canadian dollars ($696.3 million), or C$0.66 a share, for the fiscal first quarter from C$2.2 billion, or $1.68, a year earlier. The result includes an ...

President Donald Trump’s administration has generated significant uncertainty surrounding the fate of US trade with Canada as well as Mexico, where Scotiabank also has a significant operation.

But Scotiabank chief executive Scott Thomson said it was “way too early” to think about pivoting the bank’s strategy. “As part of the strategy rollout, we said Canada first, the U.S. second and Mexico ...