Strength in Canadian, U.S. retail banking underpinned revenue growth
The rise will increase the cost of loans such as variable-rate mortgages that are linked to the benchmark
Banks face asset deterioration, capital depletion, added operational risk
The bank's AUM of $345 billion represents an 11% increase from last year
Scotiabank also said Monday it's increasing its stake in its Chilean unit in a $1.3-billion deal
Net income for the wealth management segment was up 11% year over year
The wealth management business benefited from both market appreciation and client flows, the bank said Friday
Dave McKay said he expects monetary policy to tighten even as geopolitical tensions rise
The results come as investors shift from growth stocks to more value-oriented options like banks
With this announcement, three of the Big Six now have specialized lending programs