The Globe and Mail reports in its Saturday edition Bank of Nova Scotia's heavy exposure to struggling emerging market economies seems to have been a plus as the lender posted upbeat quarterly results that were driven in part by its international operations, where profit rose 11 per cent from last year. The Globe's David Berman writes revenue from key countries such as Mexico, Peru, Chile and Colombia totalled $2.3-billion in the third quarter, only half a billion dollars shy of revenue from its home base in Canada. This exposure had been seen as a liability in recent months. Still, the bank wrapped up the third-quarter reporting season with earnings that beat expectations. Profit at Scotiabank fell to about $1.8-billion, down from more than $2.3-billion last year. However, after adjusting for the sale of its share of CI Financial, which boosted results in the third quarter of 2014 by $555-million, the bank's profit rose about 3 per cent over last year. Similarly, on a per-share basis, profit fell to $1.45 from $1.85. After accounting for the CI Financial sale and making a few other adjustments, profit rose to $1.47 a share, up 4 per cent from last year and slightly ahead of analyst expectations.