The Globe and Mail reports in its Wednesday edition that Bank of Nova Scotia chief executive officer Scott Thomson says the violence in Mexico -- a key market for the lender -- is subsiding and the bank's operations have not been affected by the upheaval triggered by the killing of a drug cartel boss. Mr. Thomson made the comments during a conference call Tuesday morning discussing the bank's first-quarter results, which topped analysts' estimates as profit rose across its businesses. While the unrest seemed to subside Monday as the Mexican government deployed additional soldiers to the area amid lingering concerns, the violence has continued across the country. "If you take a step back and think about what President Sheinbaum is doing, she's addressing the three areas that the U.S. has been concerned about -- immigration, Chinese investment and rule of law. And now she's in the third pillar of that," Mr. Thomson said in response to an analyst question. "We've seen a much more stable environment this morning than we did yesterday." Mr. Thomson said the bank's employees and clients are safe and its branches in the country are open today. He does not expect any impact to the bank's financial performance.