Scotiabank expects ‘high single digit’ growth in foreign business after year of weaker gains

The Bank of Nova Scotia on Tuesday downplayed the toll that recent unrest in Latin America is likely to take on the lender’s business, saying that fallout from protests in Chile is expected to have a limited impact and highlighting that economic growth will be stable or improving in other key markets. Scotiabank president and […]

Scotiabank pushes back its Bank of Canada rate cut forecast following Poloz remarks

Scotiabank now sees the Bank of Canada lowering its benchmark interest rate at the beginning of 2020 instead of at the central bank’s next meeting. The change of forecast comes on the heels of comments Thursday by Governor Stephen Poloz, which sent the Canadian dollar higher against its U.S. counterpart and tempered market expectations for […]