With its exit from Central America and Colombia, Scotiabank follows the trend of international banks retreating amid rising ...

Canada's Bank of Nova Scotia and Bank of Montreal said on Tuesday they would wait for clarity on U.S. government tariffs to build more rainy-day reserves and take actions to manage risks.

The move is in line with the country's banking peers like Royal Bank of Canada and National Bank of Canada, which also raised ...

The Bank of Nova Scotia reported its first-quarter profit fell compared with a year ago as it was hit by a one-time charge related to the sale of its banking operations in Colombia, Costa Rica and ...

The threat of tariffs is leading to a pullback in borrowing as businesses and consumers wait to see what comes, said Scotiabank.

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 ...

The plan focuses on growth closer to home, from the province of Quebec to the United States and Mexico. As a part of the strategy, Scotiabank sold its Colombia, Panama and Costa Rica operations to ...

Since 2023, Scotiabank has been trying to recycle capital from its Latin American businesses into North America. It sold its operations in Colombia, Costa Rica and Panama last month and purchased 14.9 ...

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