Updating Bank of Nova Scotia, Royal Bank and Telus Corp.

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BANK OF NOVA SCOTIA $40 reported record revenue in its latest quarter, despite the recession. Revenue rose 13.4%, to $3.6 billion from $3.2 billion a year earlier. However, earnings per share fell 16.5%, to $0.81 from $0.97, as loan-loss provisions jumped 219.6%. Still, the bank is in a good position to increase its profits as the economy improves. Best Buy. ROYAL BANK OF CANADA $46 lost $50 million, or $0.07 a share, in the three months ended April 30, 2009. This figure includes a $1-billion writedown of goodwill related to the American banks that Royal bought over the past few years. The slow U.S. housing market and economy have driven down the goodwill related to these purchases. Without this writedown, Royal would have earned $950 million, up 2.4% from $928 million a year earlier. Per-share earnings fell 10%, to $0.63 from $0.70, on more shares outstanding. Buy. TELUS CORP. $32 has won a $31.5-million expansion of its contract with the Montreal Regional…