BNS invests in U.S. bank

BANK OF NOVA SCOTIA $63 is a buy. The bank (Toronto symbol BNS; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 1.2 billion; Market cap: $75.6 billion; Price-to-sales ratio: 2.3; Dividend yield: 6.7%; TSINetwork Rating: Above Average; www.scotiabank.com) has agreed to acquire a 14.9% stake in U.S.-banking… Read More

Blue chip ETFs focus on Canada

Blue chip ETFs focus on Canada

These two blue chip ETFs hold mostly large-capitalization, widely traded stocks on the Canadian exchange. Both funds mirror, or track, the performance of major stock market indexes as opposed to narrower ones focused on resources or themes, such as solar power or biotech.
Blue chip ETFs… Read More

Scotiabank remains a Big Five buy

We’ve long said that the top five Canadian banks tend to leapfrog each other in investment desirability. That’s why we suggest that most Canadians own two or even three of them—including Bank of Nova Scotia. Its cheap price, prospects for growth and its high yield… Read More

Scotiabank targets Brazil

BANK OF NOVA SCOTIA, $63.68, is a buy. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $77.8 billion; TSINetwork Rating: Above Average; Divd. yield: 6.7%; www.scotiabank.com) recently announced that it was shifting its business away from under-performing Latin American markets (Mexico, Peru, Colombia… Read More