14:27:35 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,201,922,504
Close 2017-07-10 C$ 78.49
Market Cap C$ 94,338,897,339
Recent Sedar Documents

Globe/wire say TD, rivals hear rate hike very likely

2017-07-11 07:05 ET - In the News

See In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail reports in its Tuesday, July 11, edition that the market-implied odds that the Bank of Canada raises rates on Wednesday are at 94 per cent, up from just 5 per cent a month ago, according to trading in overnight swaps. A Bloomberg dispatch to The Globe reports that policy makers' comments triggered the swing. BOC Governor Stephen Poloz and senior deputy Governor Carolyn Wilkins jolted markets last month with talk of tightening. On Friday, data showing faster employment growth solidified the view that the central bank will hike. One-week risk reversals, which help quantify the appetite for protection, are trading above three-month risk reversals for the first time since the U.S. presidential election triggered a rally in the U.S. dollar. That crossover has only happened three times in the past seven years, suggesting investors are preparing for a potentially extreme event.

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