The Globe and Mail reports in its Wednesday edition that strong fixed-income trading revenues gave Bank of Nova Scotia a boost during fiscal 2016. The Globe's Christina Pellegrini writes that Scotiabank posted revenue from interest rate and credit trading that surged to $613-million in the 12 months ended Oct. 31, up from $400-million in 2015. Scotia finished 2016 on a high note, recording fixed-income trading revenue of $186-million in its fourth quarter, up from $121-million during the same period last year. "On the fixed-income side, this was a very good year for us," Sean McGuckin, chief financial officer, said on a conference call. The growth in trading revenue is magnified because the prior year was "a bit softer" for the bank. Ms. Pellegrini says that even though the $613-million in sales from interest-rate and credit trading accounted for a sliver of Scotiabank's $26.3-billion in annual revenue, these results come at an uncertain time for the future of buying and selling bonds on behalf of clients. Many of the world's largest banks have decreased their fixed-income trading units in recent years as regulatory costs rise, slashing their head counts and keeping fewer assets on their books.