Canada’s Scotiabank profit rises on lending strength in international unit
Bank of Nova Scotia reported third-quarter profit a touch below estimates on Tuesday, but earnings rose from a year earlier as strong loan growth, particularly in its international business helped offset challenges in its wealth and capital markets units.
Canada bank investors fret over pace of lending recovery as deposits surge
Canadian banks started to see a much-awaited improvement in their core lending outside of mortgages in the third quarter, helping offset the impact of falling margins, but the benefits from the recovery are expected to be blunted by deposits growing at faster clip.
