Canada’s other banks continue to adapt

The big banks in Canada face several challenges. These include low interest rates, which cut the amount they earn on new loans, and competition from smaller firms that use new online technologies (called “fintech”) to attract customers.

However, they (including CIBC—see page 91) are cutting… Read More

BNS adds a ‘fintech’ partner

BANK OF NOVA SCOTIA $65.62 (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $79.0 billion; TSINetwork Rating: Above Average; Dividend yield: 4.4%, www.scotiabank.com) has formed a new alliance with Kabbage Inc. This firm makes software that automates and speeds up online financial transactions (generally… Read More

BANK OF NOVA SCOTIA $63

BANK OF NOVA SCOTIA $63 (Toronto symbol BNS; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.2 billion; Market cap: $75.6 billion; Price-to-sales ratio: 3.3; Dividend yield: 4.6%; TSINetwork Rating: Above Average; www.scotiabank.com) has formed a new alliance with Kabbage Inc. This firm makes… Read More

BNS expands its fintech expertise

BANK OF NOVA SCOTIA $63 (Toronto symbol BNS; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.2 billion; Market cap: $75.6 billion; Price-to-sales ratio: 3.3; Dividend yield: 4.6%; TSINetwork Rating: Above Average; www.scotiabank.com) has formed a new alliance with Kabbage Inc. This firm makes… Read More

BNS expands its fintech expertise

BANK OF NOVA SCOTIA $63 (Toronto symbol BNS; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.2 billion; Market cap: $75.6 billion; Price-to-sales ratio: 3.3; Dividend yield: 4.6%; TSINetwork Rating: Above Average; www.scotiabank.com) has formed a new alliance with Kabbage Inc. This firm makes… Read More