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
The economy held up better than many expected through the omicron wave, providing justification for rate hikes
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
A hearing is scheduled for September to determine damages for unpaid hours
The acquisition would result in Canada's seventh-largest bank
StatsCan estimates the economy grew by 4.9% last year