Canadian Lender Scotiabank's Q3 Profit Falls on Higher Loan Loss Provisions

Scotiabank's provision for credit losses was C$1.05 billion, up from C$819 million a year earlier. Net income for the three months ended July 31 was C$1.91 billion ($1.42 billion), or C$1.41 per ... Read More

Scotiabank Quarterly Earnings Rise as Loan-Loss Provisions Fall

Bank of Nova Scotia recorded a rise in earnings for the latest quarter thanks to loan growth and a fall in money set aside for credit losses. The Canadian bank reported net income of 1.69 billion ... Read More

Canadian banks prepare for shaky economy, more bad loans - Yahoo Finance

Canadian banks had a mixed fourth quarter but a common theme underlining all the reports was the rise in bad loan provisions, signalling that lenders were strapping in for a shaky economy. A ... Read More

BMO, Scotiabank build loan loss reserves as economic uncertainty rises

Bank of Montreal and Bank of Nova Scotia stockpiled rainy-day funds and reported a fall in first-quarter profit on Tuesday, as the Canadian lenders prepare for customers slipping on payments amid ... Read More

Canadian Banks Brace for Trade Uncertainty With More Loan Loss ...

Provision for credit losses, a keenly watched metric that indicates the extent of souring loans, is expected to have grown between 14.5% and 79% at the big six Canadian banks in the second quarter ... Read More

Canadian lender Scotiabank's Q3 profit falls on higher loan loss ...

Scotiabank's provision for credit losses was C$1.05 billion, up from C$819 million a year earlier. Net income for the three months ended July 31 was C$1.91 billion ($1.42 billion), or C$1.41 per ... Read More

Canadian banks prepare for shaky economy, more bad loans

Canadian banks had a mixed fourth quarter but a common theme underlining all the reports was the rise in bad loan provisions, signalling that lenders were strapping in for a shaky economy. A common ... Read More

Canadian lender Scotiabank's Q3 profit falls on higher loan loss provisions

Scotiabank's provision for credit losses was C$1.05 billion, up from C$819 million a year earlier. The bank had reported a profit of C$2.19 billion or C$1.70 per share, a year earlier. Read More

Canadian lender Scotiabank's Q3 profit falls on higher loan loss provisions

Elevated borrowing costs and the possibility of a recession have raised the threat of customers defaulting on their loans, and lenders are preparing for credit card and other delinquencies in a ... Read More