Fed approves Scotiabank bid to acquire voting shares in KeyCorp

The U.S. Federal Reserve approved Scotiabank's $2.8 billion purchase of a stake in KeyCorp to enhance its focus on developed markets amid a strategic shift.

Bank of Nova Scotia approved by fed to acquire up to 15% of KeyCorp shares

The Federal Reserve approves Bank of Nova Scotia's acquisition of up to 14.99% of KeyCorp, citing no competition concerns, and anticipates positive community impact and financial stability.

Canada stocks higher at close of trade; S&P/TSX Composite up 0.18%

Canada's stock market closed higher, led by gains in Materials, Healthcare, and Consumer Staples, with rising stocks outnumbering declining ones significantly.

Canada's Scotiabank misses profit estimates on higher taxes, expenses

Bank of Nova Scotia's quarterly profit missed estimates due to high expenses and taxes, while CEO Scott Thomson refocuses strategy on Canadian and North American markets.

Canadian banks to show mixed Q4 earnings as mortgage renewals, rate cuts loom

Earnings call: Scotiabank reports solid Q3 growth, invests in KeyCorp

Scotiabank's Q3 2024 report highlighted strong earnings, strategic KeyCorp investment, stable capital position, and ongoing commitment to efficiency and customer relationships amidst economic challenges.

Canada stocks lower at close of trade; S&P/TSX Composite down 0.38%

The Canadian stock market declined 0.38%, led by losses in Energy, Healthcare, and Materials sectors, with key performers and commodity prices summarized.

Toronto market edges off record high as oil prices drop

Canada's stock index fell due to declining oil prices and mixed bank earnings amid economic slowdown worries, while real estate sector showed resilience.

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

Scotiabank's third-quarter profit declined due to increased provisions for potential credit losses amid economic uncertainty, with net income falling to C$1.91 billion from C$2.19 billion.