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Scotiabank welcomes Sandra Stuart and Michael Medline to its Board of Directors

Scotiabank today announced the appointment of Sandra Stuart and Michael Medline to its Board of Directors."We are very pleased to welcome Sandra and Michael to Scotiabank's Board. Sandra is a seasoned business leader with extensive global financial services and operations experience from her time at HSBC Bank. Michael has a strong track record of retail leadership success, as current President and CEO of Empire Company Limited and Sobeys Inc. and former President and CEO of Canadian Tire Corpora

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Scotiabank increases prime lending rate

TORONTO, June 7, 2023 /CNW/ - Scotiabank announced today that it is increasing its Canadian dollar prime lending rate to 6.95 per cent from 6.70 per cent, effective June 8, 2023. . | June 7, 2023

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The Banker magazine names Scotiabank Canada's Bank of the Year and gives global recognition to ScotiaRISE with the 2022 Banking in the Community Award

/CNW/ - Scotiabank announced today that it has been named Bank of the Year in Canada by The Banker magazine and has also received The Banker s global award for.

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Large family gatherings, travel and returning to restaurants top the list of what Canadians look forward to the most post-pandemic, Scotiabank survey

  TORONTO, May 5, 2021 /CNW/ - While Canadians continue living through some forms of restrictions due to COVID-19, many are looking ahead to life after the pandemic. According to a recent Scotiabank survey, the top three things Canadians are looking forward to the most after the pandemic include attending large gatherings with family and friends, travelling by air outside of Canada and enjoying a meal at a restaurant with friends.   Activities Canadians are looking forward to the most, after the pandemic (CNW Group/Scotiabank) While Canadians are looking forward to doing the things they haven t been able to do in a long time, when it comes to their finances, they re not planning on returning to their pre-pandemic spending patterns. Many Canadians developed  positive money habits over the course of the pandemic, with reduced spending in key areas and increased savings - and they plan to continue these habits after the pandemic. More than a third (36%) of Canadians plan to conti

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Millennials and women worrying more about finances due to COVID-19

Millennials age 18-34 (45%) are worrying more about their finances than pre-pandemic Women (42%) are worrying more than men (35%) about their finances since the start of the pandemic Canadians who received the Canada Emergency Response Benefit (CERB) worry twice as much about their finances than those who did not receive the benefit TORONTO, Dec. 15, 2020 /CNW/ - Nearly 40% of Canadians are worrying more about their finances since COVID-19 began, spending an average of 16 hours a week worrying. Meanwhile, 28% of Canadians say that they do not spend any time worrying about their finances. Millennials age 18-34 (45%) are worrying more about their financial health since the start of the COVID-19 pandemic. Women (42%) reported worrying more than men (35%) about their finances since the start of the pandemic, reinforcing Scotiabank Economics commentary on the impact the recession has had on women.

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