Scotiabank's Profit Tanks

TORONTO - Scotiabank's fourth-quarter net income fell 14 per cent from last year to $1.438 billion as it recognized severance expenses for a downsizing and other items that the bank announced last mon...

Massive Cuts At Scotiabank

TORONTO - Widespread cost reductions at Scotiabank, which include plans to cut 1,500 jobs, could be a sign of changes to come in Canada's banking industry, several analysts suggest.After sailing throu...

Scotia To Pay For Unpaid Overtime

TORONTO - Scotiabank (TSX:BNS) has agreed to settle a class-action lawsuit seeking unpaid overtime with some of its retail branch bank employees.Details of the settlement weren't made public by the ba...

Mortgage Rate War Is Back

UPDATE: Another big Canadian bank has lowered some of its mortgage rates slightly after an initial reduction by the Royal Bank over the weekend. TD Canada Trust (TSX:TD) now has a posted discounted ra...
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Nuit Blanche: Toronto's Culture Juggernaut

With events on all six habitable continents and 24 cities participating in Nuit Blanche events across 2013, Toronto's edition is North America's largest, boasting over one million visitors in 2012. That number is expected to continue growing in 2013 and beyond as the event gains more traction with Toronto and its neighbouring cities.

The One-Night-Only Magic of Scotiabank Nuit Blanche

The City of Toronto's adventure with the all night contemporary art event, Scotiabank Nuit Blanche, came about when, at the invitation of the City of Paris, we decided to present a one-off edition in 2006. The event has been repeated each fall. What a true joy it is to continuously change the way we all look at this city, even if it happens to be just for one night.

Good News About Interest Rates

OTTAWA - The Bank of Canada won't pronounce on interests rates until later this month, but Scotiabank economists are jumping the gun in speculating Canadians won't have anything to worry about until 2...

World's Strongest Banks Ranked

Four of Canada's biggest banks have landed among the top 10 in a global ranking of the strongest banks, although two of them have seen their rankings slip from last year. According to data compiled b...

Small Business, Huge Impact

October 15-19 is Small Business Week in Canada and this really is a very special year for me. This year I've partnered with Scotiabank to help shine a light on the important issues and challenges businesses in Canada face today. I've had a lot of experience on both sides of the business table and I'm really looking forward to getting a conversation started with entrepreneurs, business owners, and leaders from across the country.

Scotiabank Makes HUGE Purchase

TORONTO - Scotiabank says it has reached an agreement to buy ING Bank of Canada from Netherlands-based parent ING Group for $3.13 billion in cash.Scotiabank says the deal will add to its earnings with...

Scotiabank Earnings Soar

TORONTO - Scotiabank (TSX:BNS) profits grew by 57 per cent in the third quarter as several divisions improved performance and the bank also benefited from the sale of its headquarters in Toronto.The b...