|Bid||75.15 x 0|
|Ask||75.21 x 0|
|Day's Range||74.97 - 75.58|
|52 Week Range||66.36 - 76.49|
|Beta (3Y Monthly)||1.00|
|PE Ratio (TTM)||11.29|
|Earnings Date||Nov. 26, 2019|
|Forward Dividend & Yield||3.60 (4.81%)|
|1y Target Est||77.92|
High-dividend-paying and well-capitalized banking institutions like the Royal Bank of Canada (TSX:RY)(NYSE:RY) will only grow in value in the next 25 years.
Scotiabank participates in Plan International's Girls Belong Here initiative in support of International Day of the Girl TORONTO , Oct. 11, 2019 /CNW/ - In celebration of the International Day of the Girl, ...
TORONTO, Oct. 10, 2019 /CNW/ - Scotiabank Economics today published its Q4 Global Economic Outlook report. This comprehensive report explores the effects of US trade policies on global business spending for the remainder of 2019 and into 2020. "There are now clear signs that Trump's trade policies, along with a raft of other Trump-related developments, are leading to a pull-back in global business spending," said Jean-François Perrault, Senior Vice President and Chief Economist at Scotiabank.
Brookfield Infrastructure Partners (TSX:BIP.UN)(NYSE:BIP) is among three top stocks that could perform better in a recession.
Here's how owning dividend stocks such as Inter Pipeline (TSX:IPL) inside a TFSA can help you meet your retirement income goals.
Aside from mastering the CPP, baby boomers can set up a supplementary retirement fund by investing in CPP stocks like Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and Suncor Energy Inc. (TSX:SU)(NYSE:SU).
Despite a bearish call from a top Bay Street analyst, I'm still not about to sell my Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) shares anytime soon.
TORONTO, Oct. 7, 2019 /CNW/ - Scotiabank is adding two additional paid personal days for eligible Canadian employees in support of mental health and broader wellbeing. "Our people are our most important asset, and their wellbeing is a top priority for Scotiabank," says Barbara Mason, Chief Human Resources Officer.
In part two of this two-part series we look at how the current market environment could threaten to impact the long-term viability of traditional banking models like Toronto-Dominion Bank (TSX:TD)(NYSE:TD) going forward.
VANCOUVER, Oct. 3, 2019 /CNW/ - Today, Forum for Women Entrepreneurs (FWE), in collaboration with The Scotiabank Women Initiative™, launched a podcast series: The Go-To: For Entrepreneurs in the Know, bringing accessible, free and tangible education to women entrepreneurs across Canada. The Go-To, is a bi-weekly podcast available in both official languages, English and French, and is available on Apple Podcast, Google Play and more, and at www.fwe.ca/thegoto and scotiabankwomeninitiative.com. "We are delighted to team up with FWE to bring tailored education to women business leaders through our program," said Gillian Riley, President and CEO, Tangerine, and executive sponsor of The Scotiabank Women Initiative™.
Brookfield Renewable Partners L.P. (TSX:BEP.UN)(NYSE:BEP) and two other market-leading dividend stocks are just right for a long-term portfolio.
TORONTO, Oct. 1, 2019 /CNW/ - Scotiabank announced today the launch of the Ultimate Package, a new premium banking solution that offers customers even more value and rewards by addressing their saving, spending, and investing needs – all from one package.
Which top dividend stock should you buy in October? Enbridge Inc. (TSX:ENB)(NYSE:ENB), Bank of Nova Scotia (TSX:BNS)(NYSE:BNS), or Suncor Energy Inc. (TSX:SU)(NYSE:SU)?
TORONTO, Oct. 1, 2019 /CNW/ - Scotia Global Asset Management today announced a non-cash distribution for the Scotia Strategic Canadian Equity ETF Portfolio listed on the TSX. The non-cash distribution, as presented in the table below, will be made to all securityholders of record as at September 30, 2019, payable on October 4, 2019. The portfolio was considered a "financial institution" for purposes of the "mark-to-market" rules contained in the Income Tax Act (Canada). The portfolio ceased to be a financial institution when not more than 50% of the portfolio was held by one or more financial institutions which resulted in a deemed year-end for tax purposes.
TORONTO , Sept. 30, 2019 /CNW/ - Today, the 2019 Scotiabank Giller Prize shortlist was announced, celebrating six Canadian writers and the 26 th edition of the Prize. This year's jury, comprised of Canadian ...
(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Prime Minister Justin Trudeau, fighting for his political life three weeks away from an election, is seeking a second mandate from voters to increase the nation’s debt to deliver tax cuts and spending.In a costed platform released Sunday, the incumbent Liberals detailed a C$57 billion ($43 billion) plan over four years -- worth about half a percent of annual gross domestic product -- and pledged to pay for it with fresh borrowing, should they retain power.The plan represents a doubling down by Trudeau on deficit spending his team says is needed to stoke growth and provide struggling households, many of them with high levels of personal debt, with help. The prime minister’s critics, however, say the Liberals have been spending too much in good times and aren’t setting enough fiscal ammunition aside for when a recession hits.Under the Liberal plan, Canada’s deficit would peak at C$27.4 billion next year, bringing it above 1% of GDP for the first time since 2012, before dropping to C$21 billion by 2023. That far exceeds the C$14 billion deficit recorded in 2018. In total, the plan would add an additional C$31.5 billion in deficits and bring the cumulative budget gap over the next four years to C$93 billion.Politically, the Liberals hope the higher deficits will give them a potential wedge issue in a campaign where the two major parties have rolled out similar policy objectives -– from tax cuts to helping first time home buyers and seniors. Conservative Leader Andrew Scheer has yet to release his full fiscal projection but has promised to eventually return the budget to balance, though only over five years.Rate ImplicationsIn fact, given Scheer’s reluctance for a quick return to balance, both the Liberal and Conservative plans are poised to deliver a boost to the economy next year, no matter who wins. It’s perhaps even enough to prompt the Bank of Canada to reconsider cutting interest rates, according to Jean-Francois Perrault, chief economist at Bank of Nova Scotia in Toronto.“It seems clear whoever is in power, you are looking at a bigger deficit than had there not been an election,” Perrault said in a telephone interview.Opinion polls show the Liberals are running neck and neck with the Conservatives, despite Trudeau’s campaign being jolted by revelations he wore black and brownface makeup numerous times as a younger man. Seat projections tabulated by the Canadian Broadcasting Corp. show neither party holding enough support to win a majority.Deficits matter in Canada, with a collective aversion to debt that was cemented in the mid-1990s amid ratings agency downgrades, a falling currency and a national unity crisis. It remains an explosive issue, even though Trudeau’s deficits have hovered at less than 1% of GDP, far below many other western nations. The U.S. budget deficit is close to 5% of GDP.In the 2015 election campaign, Trudeau pledged to run deficits but for only three years and no more than a cumulative C$25 billion. By 2019, Canada’s budget would be back in balance.Since taking power however, his budget gaps have escalated and Trudeau has abandoned any willingness to balance the budget. In fact, he’s using his deficits as a lever to attack the opposition Conservatives, claiming they plan to bring austerity measures that will slow the economy and eliminate government services.“I will let the Conservatives explain why cuts and austerity -- if they really think so -- are going to help Canadians,” Trudeau told reporters at a Toronto-area campaign stop Sunday.Deficit TrackTrudeau’s first three budgets were in the negative by a cumulative C$52 billion. His last budget in March projected a deficit for the current fiscal year of about C$20 billion.The Liberals would retain their existing fiscal anchor, which is to keep the nation’s debt as a share of GDP on a downward trajectory -- but just barely. The debt-to-GDP ratio would fall to 30.2% by 2023, from 30.9% last year. That’s well above the 28.6% the government had projected in four years’ time in its last budget in March. They also pledged to preserve Canada’s AAA credit rating.There are new revenue raising measures, totaling C$25.4 billion over four years, in the Liberal platform.The tax measures announced Sunday are short on details, but will be focused on corporations and wealthier Canadians, according to the documents. The Liberals believe they can raise an additional C$2 billion as early as next year by undertaking “a new comprehensive review of government spending and tax expenditures, to ensure that wealthy Canadians do not benefit from unfair tax breaks.”They also expect to raise C$1.7 billion in 2020 by cracking down on corporate tax loopholes that allow companies to deduct debt. Other new measures include a 3% value-added-tax on digital companies with worldwide revenue of more than C$1 billion. It would take effect April 1 and be expected to raise more than C$500 million next year. The Liberals also plan to impose a 10% luxury tax on cars and boats worth more than C$100,000.(Updates with details throughout.)\--With assistance from Erik Hertzberg, David Scanlan and Eric Lam.To contact the reporter on this story: Theophilos Argitis in Ottawa at email@example.comTo contact the editors responsible for this story: Theophilos Argitis at firstname.lastname@example.org, Stephen Wicary, Chris FournierFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) is widely touted as having a safe and reliable dividend. Here are three reasons why dividend investors should be careful with this stock.
Bank of Nova Scotia (TSX:BNS)(NYSE:BNS), Equitable Bank Group Inc. (TSX:EQB) and Empire Company Limited (TSX:EMP.A) shares have been quietly on fire lately.