17:39:20 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,208,473,054
Close 2017-01-06 C$ 76.59
Market Cap C$ 92,556,951,206
Recent Sedar Documents

Globe says CIBC, rivals see economic fortunes brighten

2017-01-09 07:47 ET - In the News

See In the News (C-CM) Canadian Imperial Bank of Commerce

The Globe and Mail reports in its Saturday, Jan. 7, edition that Canada's economy ended the year with a bang. The Globe's Rachelle Younglai writes that employers created a surprising 54,000 net new jobs in December, bucking expectations for a small loss. Canadian Imperial Bank of Commerce economist Avery Shenfeld says: "A stunner. There were jobs, jobs everywhere, and this time, they were offering a full day's work." The economy added 81,000 full-time positions and eliminated 27,000 part-time spots, reversing months of full-time declines and part-time increases. A jump in exports pushed Canada to a $526-million trade surplus in November after the previous month's $1-billion deficit. It marked the first surplus since September, 2014. The trade surplus with Canada's biggest trading partner -- the United States -- widened to $4.2-billion from $3.2-billion in the previous month. The two positive economic reports come after a disappointing October, when gross domestic product shrank unexpectedly. Bank of Montreal economist Douglas Porter says: "The GDP report was a bit of a shocker to the low side. But this pair of reports suggests that, no, in fact it looks like the economy may have expanded."

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