Scotiabank reports Q4 profit down from year ago, provision for credit losses up

Scotiabank profits weighed down by bad loan provisions, layoff charges

TORONTO — Scotiabank's profits took a sizable hit last quarter as it felt the early effects of the slowing economy, and prepared for worse to come.

Scotiabank profit falls as bank sets aside almost $1.3B to cover bad loans

The Bank of Nova Scotia said its profit slumped in the fourth quarter for a variety of reasons, including doubling the amount of money the bank sets aside to potentially write off loans that are in danger of not being paid back.

Scotiabank reports Q4 profit down from year ago, provision for credit losses up

Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled. The bank said Tuesday its net income totalled nearly $1.39 billion or $1.02 per diluted share for the quarter ended Oct. 31, down from $2.09 billion or $1.63 p...

Scotiabank reports Q4 profit down from year ago, provision for credit losses up

TORONTO — Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled. The bank said Tuesday its net income totalled nearly $1.39 billion or $1.

Scotiabank reports Q4 profit down from year ago, provision for credit losses up

TORONTO — Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled. The bank said Tuesday its net income totalled nearly $1.39 billion or $1.

Scotiabank reports Q4 profit down from year ago, provision for credit losses up

TORONTO — Scotiabank reported its fourth-quarter profit fell compared with a year ago as the amount it set aside to cover bad loans more than doubled. The bank said Tuesday its net income totalled nearly $1.39 billion or $1.