Bank of Nova Scotia


  • NEW YORK/ PARIS, Sept 25- French oil company Total SA has launched a process to sell its 17 percent stake in the Gulf of Mexico' s Tahiti oil field, which could fetch between $1.5 billion and $2 billion in a deal, according to people familiar with the matter.

  • *Gold eyes key chart support at $1,180/ oz, June 2013 low. LONDON, Sept 22- Gold slid to its weakest since early January and silver to a four-year low on Monday as speculation that the Federal Reserve will start its rate-tightening cycle sooner than expected fuelled selling of precious metals.

  • TORONTO, Sept 19- Canada's main stock index took its sharpest one-day hit in seven months on Friday as a broad array of stocks from banks to telecommunications and resource companies pushed it to a 1.7 percent decline for the week.

  • LONDON, Sept 4- The operator of the London gold price benchmark said on Thursday it formally started the process to find a new administrator for the century-old mechanism that will halt the telephone call that four institutions enter twice a day in favour of an electronic solution.

  • LONDON, Sept 2- Gold fell to its lowest in 2-1/ 2 months on Tuesday, breaking through key support at its August lows as stock markets rose and the dollar hit a one-year high against the euro ahead of a European Central Bank meeting this week.

  • LONDON, Sept 2- Gold prices fell on Tuesday, breaking through key support at $1,280 an ounce as stock markets firmed and the dollar hit a one-year high against the euro ahead of a European Central Bank meeting this week.

  • NEW YORK, Aug 29- Treasuries were steady on Friday, pausing a week-long rally, as investors remained focused on next week's highly anticipated European Central Bank meeting.

  • TORONTO, Aug 26- Bank of Nova Scotia and Bank of Montreal posted higher third-quarter profits on Tuesday, benefiting from gains at their traditional Canadian lending arms as well as the impact of buoyant capital markets.

  • TORONTO, Aug 26- Bank of Nova Scotia reported a higher quarterly profit on Tuesday as strength at its wealth management and insurance businesses boosted its bottom line and allowed Canada's No. 3 lender to raise its dividend. Scotiabank also benefited from a C $555 million notable gain from the sale of most of its investment in fund manager CI Financial Corp..

  • TORONTO, Aug 22- Royal Bank of Canada on Friday reported a bigger-than-expected increase in quarterly earnings, driven by strong results from its wealth management and capital markets divisions. Shares in the bank hit a lifetime high of C $82.15 early on Friday before easing 1.2 percent to C $80.67 on a negative day on the Toronto Stock Exchange.

  • Canada's largest bank reported net income of C $2.38 billion, or C $1.59 a share, for the third quarter ended July 31, compared with C $2.29 billion, or C $1.51 a share, a year earlier.

  • *Aims to challenge dominance of New York and London. The strong response from foreign players will boost efforts by China- also the world's biggest producer of gold- to gain pricing power over the metal and to challenge the dominance of London and New York in trading.

  • The final conference call took place on Thursday between banker-dealers in the $3 billion a day London silver market in the old process of fixing the benchmark silver price.

  • Silver market reboots century-old price benchmark Thursday, 14 Aug 2014 | 7:01 PM ET

    LONDON, Aug 15- The silver market enters a new electronic era in benchmarking on Friday after a regulatory drive for more transparency in price setting brought the 117- year-old silver' fix' to an end. The process will be operated jointly by the Chicago Mercantile Exchange, which provides the platform and algorithm, and administrator Thomson Reuters.

  • TORONTO, Aug 8- Standard& Poor's said on Friday it had revised its outlook on Canadian banks to "negative," due to concerns the government is becoming less willing to bail out banks in the event of a financial crisis.

  • TORONTO, July 31- Canadian Imperial Bank of Commerce has named wealth management head Victor Dodig as its next president and chief executive, replacing Gerry McCaughey who will retire in September.

  • NEW YORK, July 25- Silver- bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused of manipulating prices in a lawsuit filed in a New York district court on Friday. The lawsuit was filed by J. Scott Nicholson, a resident of Washington DC. The daily silver fix in London is set once a day by the banks in a conference call.

  • NEW YORK, July 25- Silver bullion banks Deutsche Bank, Bank of Nova Scotia and HSBC have been accused in a lawsuit of manipulating silver prices in the physical and futures market, according to a lawsuit filed in a New York district court on Friday.

  • *Gold fix company to detail new code of conduct. LONDON, July 25- The company operating the gold price' fix' has appointed a supervisory committee to oversee the century-old system of benchmarking gold prices ahead of the implementation of stricter regulations, its website showed on Friday.

  • *Gold fixing company launches request for proposals. LONDON, July 16- London Gold Market Fixing Ltd, the company operating the century-old global price benchmark known as the "fix", said it is seeking a third party to take over administration of the process, possibly signalling a move to an electronic platform.