Bank of Nova Scotia $61 - Toronto symbol BNS

BANK OF NOVA SCOTIA $61 (Toronto symbol BNS; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.2 billion; Market cap: $73.2 billion; Price-to-sales ratio: 3.4; Dividend yield: 4.6%; TSINetwork Rating: Above Average; www.scotiabank.com) has extended its Scene loyalty card program with Cineplex Entertainment (Toronto symbol CGX) for an additional 10 years, to October 31, 2025. The Scene program, which lets cardholders earn points they can redeem for free movies at Cineplex’s theatres, is one of Canada’s most popular loyalty plans, with over seven million members. That gives the bank more opportunities to cross-sell other services, such as credit and debit cards, to Scene members. Bank of Nova Scotia is a buy.

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