Founded in Halifax, Nova Scotia in 1832, The Bank of Nova Scotia, Toronto exchange symbol BNS, is Canada’s third-largest bank by assets. It is also commonly known as Scotiabank.
Bank of Nova Scotia is one of our top picks among Canada’s big-five banks, due to its wide international exposure. The Bank of Nova Scotia has four major business units, Canadian Banking, International Banking, Global Wealth & Insurance, and Global Banking & Markets.
We believe Canada’s big banks are still well positioned to weather any downturn in the Canadian economy, contrary to some pessimistic forecasts on the banks’ prospects in the business media. They trade at attractive multiples to earnings and continue to raise their dividends. Canadian banks are perfect for investors who are looking for a long-term investment in the Finance sector.
Bank of Nova Scotia was our TSI Network #1 Stock Pick of the Year in 2013 and our #1 Safety-conscious Buy for 2014. Canadian banks are some of our most recommended stock picks. Investors should consider adding them to their long-term investment portfolios and also keep TSI Network’s three-part Successful Investor philosophy in mind:
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BANK OF NOVA SCOTIA, $61.99, Toronto symbol BNS, remains a buy.
In the past few years, Bank of Nova Scotia has narrowed its international focus to four countries in Latin America—Mexico, Peru, Colombia and Chile. Those four markets—which the bank refers to as “the Pacific Alliance”—have… Read More
BANK OF NOVA SCOTIA, $61.00, Toronto symbol BNS, remains a buy.
Due to the current economic uncertainty as a result of higher interest rates and inflation, Bank of Nova Scotia set aside $1.26 billion to cover future loan losses in its fiscal 2023 fourth quarter, ended October… Read More
We’ve long said that the top five Canadian banks tend to leapfrog each other in investment desirability. That’s why we advise 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
Canadian Tire has offered our investors so much more than hammers and nails. The stock’s up over 894% since we first recommended it in The Successful Investor in April 1995.
A strong long-term growth plan that includes store, online business and private-label brand upgrades should… Read More
CANADIAN TIRE CORP., $140.31, Toronto symbol CTC.A, is a top buy for 2023.
Investors benefit from the company’s 502 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its… Read More
CANADIAN TIRE CORP., $144.81, Toronto symbol CTC.A, is a buy.
Investors benefit from the company’s 503 Canadian Tire stores. They sell automotive parts and services, and household and sporting goods; franchisees run most of the locations. The company’s other operations also enrich its outlook. They include 161… Read More
BANK OF NOVA SCOTIA, $56.50, is a #1 Buy for 2023. The lender (Toronto symbol BNS; Shares outstanding: 1.2 billion; Market cap: $67.7 billion; TSINetwork Rating: Above Average; Dividend yield: 7.5%; www.scotiabank.com) now plans to cut 3% of its global workforce. That’s mainly because more of… Read More
PROCTER & GAMBLE CO., $147.16, New York symbol PG, is a top pick for 2023.
The company is one of the world’s largest makers of household and personal-care goods. Major brands include Tide (laundry detergent), Pampers (diapers), Gillette (razors), Crest (toothpaste) and Vicks (cold remedies).
Procter has paid… Read More
BANK OF NOVA SCOTIA, $56.68, Toronto symbol BNS, is still a buy.
The bank now plans to cut 3% of its global workforce. That’s mainly because more of its customers now use the Internet and mobile platforms to manage their accounts instead of visiting a branch. It’s… Read More
The Canadian economy ranks among the top 10 globally. It’s also considered to be in the top 25% of the most competitive economies in the world; it is highly rated for its ability to train and attract skilled workers.
However, after solid growth in 2021 to… Read More
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The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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Changes to this Policy
This Policy is the sole authorized statement of TSI Network's practices with respect to the collection of personal information through TSI Network's websites and the subsequent use and disclosure of such information. Any summaries of this Policy generated by third party software or otherwise (for example, in connection with the "Platform for Privacy Preferences" or "P3P") shall have no legal effect, are in no way binding upon TSI Network, shall not be relied upon in substitute for this Policy, and neither supersede nor modify this Policy.
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