The Investment Reporter, in its June 12, 2015, issue, says buy Bank of Nova Scotia, recently $65.40. The Reporter said buy 25 times from Oct. 24, 1996, to Nov. 21, 2014, at prices ranging from $31.50 to $67.48 (the stock split 2 for 1 on Feb. 10, 1998, and again on April 2, 2004). Assuming an investment of $1,000 for each of the 25 buys, the $25,000 position would now be worth $57,094. Scotiabank is expected to earn $5.66 a share in fiscal 2015, which ends on Oct. 31, 2015. Based on this estimate, the stock trades at a low price-to-earnings ratio of 11.6. The bank pays an annual dividend of $2.72 a share, which is a high yield of 4.2 per cent. Scotiabank, along with the other big Canadian banks, are well diversified across Canada and over a range of businesses; this reduces their risk. All the banks are expected to earn more next year, which should enable them to keep raising your dividends. Scotiabank continues to be a buy for long-term gains and rising dividends.