BNS - The Bank of Nova Scotia

NYSE - NYSE Delayed Price. Currency in USD
40.39
-1.16 (-2.79%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close41.55
Open41.22
Bid0.00 x 1300
Ask42.00 x 1000
Day's Range40.34 - 41.29
52 Week Range31.94 - 58.22
Volume946,383
Avg. Volume1,646,851
Market Cap49.151B
Beta (5Y Monthly)0.87
PE Ratio (TTM)7.88
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield2.66 (6.58%)
Ex-Dividend DateJul. 06, 2020
1y Target EstN/A
  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange:Toronto Stock Exchange (15,595.50, down 74.17 points.)The Toronto-Dominion Bank (TSX:TD). Financials. Down 95 cents, or 1.55 per cent, to $60.22 on 13.4 million shares.St. Augustine Gold and Copper (TSX:SAU). Materials. Up eight cents, or 133.33 per cent, to 14 cents on 7.5 million shares.Zenabis Global Inc. (TSX:ZENA). Health care. Unchanged at eight cents on 6.5 million shares.The Bank of Nova Scotia (TSX:BNS). Financials. Down $1.29, or 2.29 per cent, to $54.95 on 5.6 million shares.TC Energy Corp. (TSX:TRP). Energy. Down 60 cents, or 1.04 per cent, to $56.88 on 5.3 million shares.Air Canada (TSX:AC). Industrials. Down 71 cents, or 4.2 per cent, to $16.21 on 5.3 million shares.Companies in the news:Canadian Pacific Railway. (TSX:CP). Up $2.70 to $347.35. Canada's two largest railways moved record quantities of grain in the second quarter after benefiting from another strong month in June. Canadian National Railway says it is on pace for record shipments of grain this crop year after record movements of Canadian grain last month and the quarter as a whole contributed to its best performance in the first half-year. The Montreal-based railway says it has moved 26.9 million tonnes this crop year that ends July 31, up from 26.5 million tonnes at the same point last year. It moved 15 million tonnes from January to June, 8.15 million tones in the second quarter and 2.7 million tonnes in June, its fourth consecutive monthly high. Canadian Pacific Railway says it moved a record 8.41 million tonnes last quarter after shipping 2.76 million tonnes of grain and grain products in June. The Calgary-based railway says it was the best three-month stretch since the 7.9 million tonnes moved in the fourth quarter and best June in six years when 2.4 million tonnes was moved.Cenovus Energy Inc. (TSX:CVE). Down 18 cents, or 2.9 per cent to $6.12. Oilsands companies are restoring thousands of barrels of daily production to take advantage of higher oil prices as relaxed pandemic measures allow North American consumers to get back on the road. Executives speaking at a TD Securities energy conference on Tuesday said they are confident the oil price crisis is subsiding — while expressing dismay at recent setbacks for oil pipelines in the United States. Alex Pourbaix, CEO of Cenovus Energy Inc., said he believes the worst of the situation is over. The Calgary-based company stopped about 60,000 barrels per day of crude production and halted crude-by-rail shipments as prices fell in March and April, but has since restored about half that, Pourbaix reported. Cenovus is also making deals with other producers to add to the amount it is permitted to bring to market under Alberta's oil curtailment measures, he added, thus allowing even more output to be restored. Suncor Energy Inc. CEO Mark Little said he expects a "downstream-led recovery" as consumer demand sparks increased throughput from its Canadian refineries. That consumer-led demand will then translate into more production from its oilsands and other "upstream" assets.Metro Inc. (TSX:MRU). Up eight cents to $56.94. Uber Technologies Inc. is getting into the grocery delivery business and is using some Canadian cities to help it launch the venture. The San Francisco-based tech giant said Tuesday that users in Montreal and Toronto can now order groceries through its Uber and Uber Eats apps. A demonstration of the new service showed thousands of items available from retailers including Walmart, Metro, Rexall, Costco, Longos, Pet Valu and Well.ca. The company's foray into the grocery sector comes after Uber advertised in November 2018 that it was hiring a head of grocery product in Toronto. The company remained secretive about the role, but a year later, Uber's potential interest in a grocery service was a hot topic again when it announced it was acquiring a majority stake in Chilean grocery delivery start-up Cornershop. Uber faces stiff competition with its new service. Amazon.com Inc. and Instacart are already going head-to-head with supermarket brands like Walmart and Loblaw Companies Ltd. Uber believes it can edge out some of the competition because it sees groceries as a natural extension of its booming food delivery service and a way for the company to become a one-stop shop for every meal.This report by The Canadian Press was first published July 7, 2020.The Canadian Press

  • 5 Top TSX Dividend Stocks I’d Buy Ahead of a Market Crash
    The Motley Fool

    5 Top TSX Dividend Stocks I’d Buy Ahead of a Market Crash

    These five TSX dividend stocks from different sectors offer safe dividends and handsome total return potential. Do you own any of these? The post 5 Top TSX Dividend Stocks I’d Buy Ahead of a Market Crash appeared first on The Motley Fool Canada.

  • TFSA Investors: 2 Top Dividend Stocks to Own for 20 Years
    The Motley Fool

    TFSA Investors: 2 Top Dividend Stocks to Own for 20 Years

    Bank of Nova Scotia (TSX:BNS) and another top Canadian dividend stock deserve to be on your radar. Here's why.The post TFSA Investors: 2 Top Dividend Stocks to Own for 20 Years appeared first on The Motley Fool Canada.

  • Stock Market Crash: 3 Safe Dividend Stocks to Park Your Money
    The Motley Fool

    Stock Market Crash: 3 Safe Dividend Stocks to Park Your Money

    Worried about another stock market crash? Then consider parking your money in these three safe TSX dividend stocks.The post Stock Market Crash: 3 Safe Dividend Stocks to Park Your Money appeared first on The Motley Fool Canada.

  • Reuters

    Canada's biggest banks join boycott of Facebook platforms

    Canada's biggest lenders confirmed on Friday they had joined a widespread boycott of Facebook Inc begun by U.S. civil rights groups seeking to pressure the world's largest social media platform to take concrete steps to block hate speech. More than 400 brands have pulled advertising on Facebook in response to the "Stop Hate for Profit" campaign, begun after the death of George Floyd, a Black man who died in police custody in Minneapolis on May 25. Canadian lenders Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Bank of Montreal, National Bank of Canada and Canadian Imperial Bank of Commerce all said they will pause advertising on Facebook platforms in July.

  • CPP Pension Users: How Will the 2020 Enhancement Increase Your Payout?
    The Motley Fool

    CPP Pension Users: How Will the 2020 Enhancement Increase Your Payout?

    You can supplement your CPP pension by investing in blue-chip stocks such as Bank of Nova Scotia (TSX:BNS)(NYSE:BNS). The post CPP Pension Users: How Will the 2020 Enhancement Increase Your Payout? appeared first on The Motley Fool Canada.

  • If You Have $6,000 to Invest, Here Are 2 Great Stocks to Buy Right Now
    The Motley Fool

    If You Have $6,000 to Invest, Here Are 2 Great Stocks to Buy Right Now

    Use the current market weakness to buy high-quality stocks like Scotiabank and Restaurant Brands International at a bargain.The post If You Have $6,000 to Invest, Here Are 2 Great Stocks to Buy Right Now appeared first on The Motley Fool Canada.

  • CPP Pension Users: 3 Alarming Truths About Retirement
    The Motley Fool

    CPP Pension Users: 3 Alarming Truths About Retirement

    Users can’t expect a worry-free retirement if they are to depend on the CPP alone. A comprehensive retirement plan includes investment in reliable dividend-payers like the Bank of Nova Scotia stock.The post CPP Pension Users: 3 Alarming Truths About Retirement appeared first on The Motley Fool Canada.

  • 2 Stellar Bank Stocks To Buy Today
    The Motley Fool

    2 Stellar Bank Stocks To Buy Today

    Canadian investors should buy high dividend bank stocks like Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) on the Toronto Stock Exchange.The post 2 Stellar Bank Stocks To Buy Today appeared first on The Motley Fool Canada.

  • TSX Stocks: 3 OVERSOLD Canadian Giants to Buy Today
    The Motley Fool

    TSX Stocks: 3 OVERSOLD Canadian Giants to Buy Today

    Top TSX stocks: Here are three oversold Canadian giants with strong fundamentals that offer handsome upside potential over the long term. The post TSX Stocks: 3 OVERSOLD Canadian Giants to Buy Today appeared first on The Motley Fool Canada.

  • Get Your Own CERB for Future Emergencies
    The Motley Fool

    Get Your Own CERB for Future Emergencies

    The CERB will end. Another economic downturn will come. Put things in your own hands by getting your own CERB for future downturns.The post Get Your Own CERB for Future Emergencies appeared first on The Motley Fool Canada.

  • Don’t Lie About the $8,000 CERB: You Could Land in Jail
    The Motley Fool

    Don’t Lie About the $8,000 CERB: You Could Land in Jail

    Don’t toy with the idea of lying to get the $8,000 CERB. A new law that will impose jail terms for fraudsters is coming. Instead, think of saving so you can invest in the Bank of Nova Scotia stock that can provide a lifelong income.The post Don’t Lie About the $8,000 CERB: You Could Land in Jail appeared first on The Motley Fool Canada.

  • 15 Top TSX Large Caps to Buy in July
    The Motley Fool

    15 Top TSX Large Caps to Buy in July

    We asked 15 of our Foolish writers for their top large-cap stock picks - their picks include Shopify (TSX:SHOP)(NYSE:SHOP), Canadian Pacific Railway Ltd. (TSX:CP)(NYSE:CP), and Dollarama (TSX:DOL). Click here to see the rest!The post 15 Top TSX Large Caps to Buy in July appeared first on The Motley Fool Canada.

  • Canada Becomes First to Lose AAA Status at Fitch on Virus Woes
    Bloomberg

    Canada Becomes First to Lose AAA Status at Fitch on Virus Woes

    (Bloomberg) -- Fitch Ratings stripped Canada of its AAA status amid a spike in emergency spending for Covid-19, making it the first top-rated country to be downgraded by the ratings agency during the pandemic.The country is expected to run a bigger government deficit this year and emerge from the recession with much higher public debt ratios, Fitch said Wednesday. It cut the country’s rating one notch to AA+.Canada still has a AAA rating with S&P Global Ratings, making it only one of two countries left in the Group of Seven to hold that status; Germany is the other. Moody’s Investors Service also gives Canada its highest rating.“The question is what took so long. Canada’s excessively leveraged national balance sheet has looked a lot like China, Italy and Greece for quite a while,” said David Rosenberg, founder of Rosenberg Research and Associates and former chief North American economist at Merrill Lynch & Co. “This won’t be the last ratings cut, I can assure you.” He had predicted the downgrade in an April research note that said the “Great Canadian Debt Surge has come home to roost.”Canada’s national government is on track to post its largest deficit on record in the 2020-2021 fiscal year. The shortfall may reach about 12% of gross domestic product compared with 1.1% last year, according to the Parliamentary Budget Officer.“Canada continues to be in a stronger financial position than many other countries in the G-7 and G-20,” Finance Minister Bill Morneau said in a statement. “We will continue to be fiscally responsible while acting to protect our country and its economy.”Fitch expects the coronavirus response to raise Canada’s consolidated gross general government debt to 115.1% of GDP in 2020, up from 88.3% last year. “The higher deficit is largely driven by public spending to counteract a sharp fall in output as parts of the economy were shuttered to contain the spread of the coronavirus,” the company said in the report.IndifferentThe Canadian dollar briefly weakened to a session low, hitting C$1.36 per U.S. dollar, before rebounding.Bank of Montreal’s Chief Executive Officer Darryl White shrugged off the news.“The Government of Canada will still have a AAA credit rating by other agencies, I think one of only two G-7 countries that can say that, and there’s plenty of access to capital and the cost of capital relative to other countries and relative to history is very, very low,” he said in an interview on BNN Bloomberg.Derek Holt concurs. “Markets don’t seem to care, rightly so in my view,” said the economist at Bank of Nova Scotia. “Every sovereign is under the same pressure. Ratings are a relative game and even at that there is a long list of more dominant market factors. It’s one agency that stripped Canada of some political bragging rights, but the tangible impact is scant to non-existent.”For Bipan Rai, head of foreign exchange strategy at Canadian Imperial Bank of Commerce, things may get volatile for the loonie if another agency follows. “The question is who’s next to downgrade? If it’s Moody’s, then there is a risk of portfolio outflows,” he added, noting that Canada’s current account deficit is financed heavily by foreign fund inflows.The North American economy is set to contract 7.1% in 2020 compared to 1.6% growth last year, according to median consensus of analysts compiled by Bloomberg. Canada’s government is rolling out a plan of more than C$230 billion ($169 billion) of subsidies, grants and tax deferrals in a bid to offset the impact of the pandemic.Gradually improving global trade, commerce and domestic labor market conditions may allow Canada’s economy to grow 3.9% in 2021, according to Fitch projections. Nonetheless, Canada’s medium-term growth prospects “are limited by structural investment challenges and are below many developed markets peers,” the ratings company said.Who’s Next?“It will take Canada approximately 6-12 months longer to return to 2019 GDP levels than the U.S. or several other developed markets,” said Alexandra Gorewicz, portfolio manager and head of rates at CI Investment. “Fitch partly alluded to this structural issue in their release by highlighting that prior to the pandemic.”The downgrade raises concerns that other top-rated countries such as Australia, which was put on negative outlook by Fitch, may follow suit. After today’s rating action, Fitch has kept its AAA rating for ten countries, of which the U.S. and Germany are part of the Group of Seven economies.“Covid-19 impact on G-7 economies has been quite similar to each other while monetary and fiscal stimulus have also been quite similar and proportionate,” said Imran Chaudhry, a senior portfolio manager at Fiera Capital Corp. “It’ll be interesting to see what Fitch does for other sovereign names such as Australia, Germany and most importantly the U.S.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • 3 Dividend Aristocrats to Buy and Hold Forever
    The Motley Fool

    3 Dividend Aristocrats to Buy and Hold Forever

    Find out which three companies I would choose as the foundation of a solid dividend growth portfolio.The post 3 Dividend Aristocrats to Buy and Hold Forever appeared first on The Motley Fool Canada.

  • 3 TFSA Stocks to Buy Now and Earn Higher Yields
    The Motley Fool

    3 TFSA Stocks to Buy Now and Earn Higher Yields

    If you want to buy stocks for your TFSA, this is a good time to make that decision, as you can get much higher yields.The post 3 TFSA Stocks to Buy Now and Earn Higher Yields appeared first on The Motley Fool Canada.

  • Better Bank Stock: Scotiabank (TSX:BNS) or Bank of Montreal (TSX:BMO)?
    The Motley Fool

    Better Bank Stock: Scotiabank (TSX:BNS) or Bank of Montreal (TSX:BMO)?

    Investors may be mulling over top bank stocks like Bank of Nova Scotia (TSX:BNS)(NYSE:BNS) and Bank of Montreal (TSX:BMO)(NYSE:BMO) this summer.The post Better Bank Stock: Scotiabank (TSX:BNS) or Bank of Montreal (TSX:BMO)? appeared first on The Motley Fool Canada.

  • Bank of Nova Scotia (TSX:BNS): Should You Buy the Stock if the Market Crashes Again?
    The Motley Fool

    Bank of Nova Scotia (TSX:BNS): Should You Buy the Stock if the Market Crashes Again?

    Bank of Nova Scotia pays a great dividend and offers strong long-term growth potential, but near-term risks can't be ignored. Should you buy the stock?The post Bank of Nova Scotia (TSX:BNS): Should You Buy the Stock if the Market Crashes Again? appeared first on The Motley Fool Canada.

  • Retirees: Create Your Own Pension With These 3 CPPIB-Approved Investments
    The Motley Fool

    Retirees: Create Your Own Pension With These 3 CPPIB-Approved Investments

    Retirees can look to buy CPP-backed stocks such as CNQ and BNS to supplement their pension payouts. The post Retirees: Create Your Own Pension With These 3 CPPIB-Approved Investments appeared first on The Motley Fool Canada.

  • Collecting CERB? The CRA Says 190,000 Canadians Are Making This Mistake!
    The Motley Fool

    Collecting CERB? The CRA Says 190,000 Canadians Are Making This Mistake!

    One thing that's not a mistake is investing in a top bank stock like Bank of Nova Scotia (TSX:BNS)(NYSE:BNS).The post Collecting CERB? The CRA Says 190,000 Canadians Are Making This Mistake! appeared first on The Motley Fool Canada.

  • TFSA Investors: It’s the Best Time to Build a Tax-Free Dividend Portfolio!
    The Motley Fool

    TFSA Investors: It’s the Best Time to Build a Tax-Free Dividend Portfolio!

    Increase your tax-free income now by investing in these cheap TSX dividend stocks in your TFSA!The post TFSA Investors: It's the Best Time to Build a Tax-Free Dividend Portfolio! appeared first on The Motley Fool Canada.

  • Introducing the 3-Stock Portfolio for $500
    The Motley Fool

    Introducing the 3-Stock Portfolio for $500

    Looking for investments that can offer income, growth, and stability in a volatile market? This three-stock portfolio might be just what your portfolio needs.The post Introducing the 3-Stock Portfolio for $500 appeared first on The Motley Fool Canada.

  • Reuters

    Canadian banks end extra pandemic pay as infections ease

    Most of Canada's biggest banks are ending their extra payments to employees who continued working in public during COVID-19 pandemic lockdowns, as the country's daily infection tallies decline. The banks' moves follow grocery chains Metro Inc, Loblaw Companies and Sobeys Inc in ending the additional work incentives, which were put in place when many other Canadian workers began working from home to limit their risk. The rollback of extra temporary pay for grocery store employees prompted a Canadian parliamentary committee on Thursday to summon major retailers to explain their decisions.

  • Income Investor: Buy These 3 Dividend Stocks for Long-Term Wealth!
    The Motley Fool

    Income Investor: Buy These 3 Dividend Stocks for Long-Term Wealth!

    Growth stocks seem like a great deal today, but you would be better off putting your money into Canada's cheap dividend stocks. Companies like Enbridge Inc. (TSX:ENB)(NYSE:ENB) will pay you large, growing dividends while you wait out market volatility.The post Income Investor: Buy These 3 Dividend Stocks for Long-Term Wealth! appeared first on The Motley Fool Canada.

  • Corporate Canada joins travel industry's push to ease COVID-19 air curbs
    Reuters

    Corporate Canada joins travel industry's push to ease COVID-19 air curbs

    A group of 27 leading executives added to calls for Canada to ease coronavirus-led air restrictions in a letter published in the country's Globe and Mail newspaper on Thursday. The move lends support to the travel industry's push to relax air curbs as most international flights to and from Canada remain canceled. The executives, including the CEO of the largest Canadian lender Royal Bank of Canada, asked Prime Minister Justin Trudeau and provincial premiers to "find a responsible way to co-exist with COVID-19 until there is a vaccine."