“Bank of Nova Scotia has always traded a lot of gold…Now the bank wants to ensure it trades a lot more gold stocks. The buildout comes as Bank of Nova Scotia tries to build off its expertise in precious metals in other areas, such as its metals trading business ScotiaMocatta. The hope is also that the mining focus will dovetail with Scotia’s expansion in mineral-rich Latin America. For example, Scotia recently bought retail and wholesale banking operations in Colombia, one of the world’s hottest mining jurisdictions”
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