Scotiabank’s diversity sparks profit gain

Bank of Nova Scotia’s international division is offering investors hope amid fears of a cooling Canadian market.

Profit from Scotiabank’s core domestic retail and commercial unit jumped in the second quarter from a year earlier, but the division’s bottom line fell from the hot first quarter. Profit at the international operations, however, climbed even higher, marking the third consecutive quarterly gain, and the sixth gain in eight quarters.

 

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