DIRS.INFO The most relevant business & tech news

A sign for The Bank of Nova Scotia, operating as Scotiabank, in Toronto, Ontario, Canada December 13, 2021. The lender said earnings in the 2024 fiscal year to Oct. 31 would be impacted by "slowing economic growth across its markets and increasing regulatory capital requirements" but it would also benefit from interest-earning assets. "We expect a challenging environment will persist for consumers and businesses," Chief Risk Officer Phil Thomas told analysts, citing muted Canadian economic growth, continued inflationary pressures and uncertain prospects for rate cuts. Finance chief Raj Viswanathan said deposit and loan growth were also expected to moderate from 2023 levels, noting savings levels have started coming down in Canada with inflation at multi-year highs, leaving consumers with less cash in hand. Its efforts to streamline operations resulted in a restructuring charge of C$258 million, Scotiabank said.

Persons: Carlos Osorio, Phil Thomas, Raj Viswanathan, Mike Rizvanovic, Scott Thomson, Niket, Balu, Krishna Chandra Eluri, Tomasz Janowski Organizations: The Bank of, Scotiabank, REUTERS, Bank of Nova, Finance, Bank of Canada, Thomson Locations: The Bank of Nova Scotia, Toronto , Ontario, Canada, Bank of Nova Scotia, Bengaluru, Toronto

☆ NHL roundup: Flames clip Knights in final seconds of OT
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +4 min

[1/5] Nov 27, 2023; Calgary, Alberta, CAN; Calgary Flames defenseman MacKenzie Weegar (52) controls the puck against the Vegas Golden Knights during the third period at Scotiabank Saddledome. Greer also scored for the Flames, who received a scintillating 27-save performance from goaltender Dan Vladar. Bruins coach Jim Montgomery replaced Jeremy Swayman with Linus Ullmark in the second period after Columbus' second goal. Anthony Cirelli scored and Andrei Vasilevskiy had 20 saves in his second game of the season for the Lightning. Evgeny Kuznetsov scored for the Capitals, who have lost two straight and were opening a five-game road trip.

Persons: MacKenzie Weegar, Sergei Belski, A.J, Greer, Dan Vladar, William Karlsson, Adin Hill, Weegar, Yegor, Jim Montgomery, Jeremy Swayman, Linus Ullmark, Columbus, Matthew Poitras, John Beecher, Sam Reinhart, Sergei Bobrovsky, Sam Bennett, Carter Verhaeghe, Eetu Luostarinen, Aleksander Barkov, Joonas Korpisalo, Alex Tuch, Pekka Luukkonen, Luukkonen, Jimmy Vesey's, Ryan Johansen, Cale Makar, Valeri Nichushkin, Alexandar Georgiev, Nathan MacKinnon, Anthony Cirelli, Andrei Vasilevskiy, Luke Kunin, Fabian Zetterlund, Mackenzie Blackwood, Evgeny Kuznetsov, Darcy Kuemper Organizations: Calgary Flames, Vegas Golden Knights, Scotiabank Saddledome, Calgary, Flames, Golden Knights, Stanley, Blue Jackets, Bruins, Boston, Panthers, Senators, Ottawa, Florida, Sabres, Rangers, Buffalo, New, New Jersey Devils, Avalanche, Colorado, Tampa Bay, Lightning, Sharks, Capitals, San Jose, Washington, NHL, Thomson Locations: Calgary , Alberta, Columbus, Boston, Florida, New York, Denver, San, San Jose

The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. It also disrupted Canada's prestigious Giller Prize Gala on Nov. 14, a literary award sponsored by Scotiabank. It claims in its petition that Scotiabank is the biggest foreign shareholder in Elbit, whose weapons were heavily used during Israel's 11-day operation in Gaza in May 2021. The email said Scotiabank was "not the biggest shareholder of Elbit, nor is it the biggest foreign shareholder of Elbit. Eko said it would not comment on the protests at Scotia branches and has not taken part in the protests.

Persons: Chris Wattie, Eko, unitholders, Angus Wong, Wong, Bezhalel Machlis, Nivedita Balu, Denny Thomas, David Gregorio Our Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Elbit Systems, Scotiabank . Toronto Police, Scotiabank, Global Asset Management, Management, Vanguard Group, BlackRock Institutional Trust, Israel Ministry of Defence, Israel MOD, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, Bank of Nova Scotia, Israel, Elbit, Gaza, Toronto, Scotia

☆ Fund manager reveals one global energy stock to buy right now
▼ + stars: | 2023-11-27 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Total Energies is one energy stock investors should own right now, according to Brian Arcese, portfolio manager at investment firm Foord Asset Management. Total shares are trading at a significant discount compared to shares of Exxon Mobil, Chevron Shell, and BP on a forward price-to-earnings ratio basis at 6.8x, according to FactSet data. While Total is not among the 10 largest investments in Arcese's fund, Foord Asset Management is an investor in the stock. Arcese told CNBC Pro Talks that around 15-20% of Foord's equity portfolio is allocated to commodity and energy stocks. Scotiabank analysts have a hold-equivalent rating on the U.S.-listed stock with a price target of $68, where the stock is currently trading.

Persons: Brian Arcese, Arcese, it's, We've, Morgan Stanley, Paul Cheng, TotalEnergies Organizations: Foord Asset Management, Fund, Exxon Mobil, Chevron Shell, BP, New, Foord, Management, CNBC, Singapore . Commodities, Equity, UBS, Scotiabank, RBC Capital Markets, RBC Locations: New York, Paris, Singapore, U.S, Foord

☆ Canada to add spending for housing amid slow growth and high debt payments
▼ + stars: | 2023-11-21 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland attends the Canada-CARICOM Summit in Ottawa, Ontario, Canada October 18, 2023. Housing Minister Sean Fraser on Monday confirmed the government is considering such a measure. Many Canadians are dealing with higher living costs and housing affordability has emerged as the main criticism against the government. Freeland has promised to use the FES to try to boost housing supply and to help Canadians struggling with inflation. The Bank of Canada hiked rates to a 22-year high of 5.00% between March of last year and July of this year.

Persons: Finance Chrystia Freeland, Blair Gable, Chrystia Freeland, Justin Trudeau's, Freeland, Derek Holt, Holt, Sean Fraser, Trudeau, Pierre Poilievre, Steve Scherer, Matthew Lewis Organizations: Finance, Canada, CARICOM, REUTERS, OTTAWA, Canada Finance, Justin Trudeau's Liberal, Scotiabank, Canadian Broadcasting Corp, Toronto Star, Housing, Monday, Conservative, Bank of Canada, Reuters, Thomson Locations: Ottawa , Ontario, Canada, FES, United States, Ottawa

☆ Keen on harvesting tax losses? Scotiabank names 10 Canadian stocks as 'prime candidates'
▼ + stars: | 2023-11-15 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the end of the year approaches, investors are likely to be reviewing their portfolios and considering which stocks to sell to harvest tax losses. Tax-loss harvesting is a strategy to offset capital gains tax from stocks that have run up in share price with losses from non-performing stocks. To aid investors, Scotiabank identified several stocks on Canada's TSX Composite index that are down significantly this year but are still rated as "Sector Outperform" by its analysts. "These are prime candidates to keep long-term exposure to despite recent weakness," said Scotiabank analysts led by Hugo Ste-Marie in a note to clients on Nov. 13. Scotiabank pointed out that the top 20 stocks in the S & P 500 index are up significantly this year, while the remaining 480 stocks are showing losses on average.

Persons: Hugo Ste, Marie Organizations: Scotiabank, Stocks, TELUS International, Allied, Trisura, HudBay Minerals, Hudbay Minerals, Capstone, Corp, Ivanhoe Mines, Teck Resources, Tech Locations: Park, Canada, Teck

☆ NBA roundup: Pascal Siakam's late shot pushes Raptors past Wizards
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +3 min

[1/4] Nov 13, 2023; Toronto, Ontario, CAN; Toronto Raptors forward Pascal Siakam (43) scores against the Washington Wizards during the third quarter at Scotiabank Arena. Scottie Barnes added 19 points and nine rebounds for Toronto, Jakob Poeltl scored 13 points and Precious Achiuwa had 10. The Wizards led by as many as 23 points early in the third quarter. Khris Middleton added 13 points while Damian Lillard scored 12 despite shooting 3-for-17 from the fieldNikola Vucevic led the way for the Bulls with 26 points, 12 rebounds and five assists. Evan Mobley added 16 points and 12 rebounds for Cleveland, which has alternated losses and wins for seven games.

Persons: Pascal Siakam, Nick Turchiaro, Siakam, Scottie Barnes, Jakob Poeltl, Precious Achiuwa, Kyle Kuzma, Daniel Gafford, Jordan Poole, Jayson Tatum, Tatum, Jalen Brunson, Julius Randle, Josh Hart, Quentin Grimes, Giannis Antetokounmpo, Bobby Portis, Khris Middleton, Damian Lillard, Nikola Vucevic, Zach LaVine, DeMar DeRozan, Domantas Sabonis, Fox, Sabonis, Keegan Murray, Kevin Huerter, Donovan Mitchell, Evan Mobley Organizations: CAN, Toronto Raptors, Washington Wizards, Scotiabank Arena, Raptors, Toronto, Wizards, Washington, The, Celtics, Knicks, Boston, Bucks, Bulls, Milwaukee, Chicago, Cavaliers, Fox, Sacramento, Cleveland, Thomson Locations: Toronto , Ontario, New York, Sacramento

TORONTO (AP) — Author Sarah Bernstein won the Scotiabank Giller Prize on Monday for her novel “Study for Obedience.”The Montreal-born, Scotland-based author accepted the $100,000 award remotely from Scotland, where she had a baby just 10 days ago. Her novel is about a young woman moving to the remote north where after her arrival, a series of inexplicable events occur. The 100,000 Canadian dollar ($72,000 U.S.) Giller prize honors the best in Canadian fiction. Political Cartoons View All 1244 ImagesThe celebrations were also interrupted early in the broadcast when several anti-Israel protesters jumped onstage. The Giller was created in 1994 by late businessman Jack Rabinovitch in memory of his late wife, literary journalist Doris Giller.

Persons: Sarah Bernstein, Giller, Margaret Atwood, Mordecai Richler, Alice Munro, Jack Rabinovitch, Doris Giller Organizations: TORONTO, Scotiabank, Israel Locations: Montreal, Scotland, Israel

☆ NHL roundup: William Nylander extends streak, Leafs edge Flames
▼ + stars: | 2023-11-11 | by ( ) www.reuters.com time to read: +4 min

[1/5] Nov 10, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs forward Max Domi (11) goes after a loose puck against the Calgary Flames during the third period at Scotiabank Arena. William Nylander scored twice and had an assist for Toronto to extend his points streak to 14 games -- a team record to open a season. Calle Jarnkrok and John Tavares also scored for the Maple Leafs, who had lost five of their previous six games (1-3-2). Connor Zary, Nikita Zadorov, A.J, Greer and Martin Pospisil scored for the Flames, who had won their two previous games after losing six straight. Panthers 5 Hurricanes 2Rookie defenseman Uvis Balinskis scored his first NHL goal, leading host Florida over Carolina in Sunrise.

Persons: Max Domi, John E, William Nylander, Calle Jarnkrok, John Tavares, Joseph Woll, Connor Zary, Nikita Zadorov, Greer, Martin Pospisil, Dan Vladar, Alec Martinez, Adin Hill, Alex Pietrangelo, William Karlsson, Brett Howden, San Jose, Michael Amadio, Kaapo Kahkonen, Owen Tippett, Travis Sanheim, Cam Atkinson, Sean Couturier, Louie Belpedio, Sam Ersson, Joel Farabee, Leo Carlsson, Uvis Balinskis, Matthew Tkachuk, Carter Verhaeghe, Aleksander Barkov, Kevin Stenlund, Sam Reinhart, Sergei Bobrovsky, Devon Levi, Jeff Skinner, JJ Peterka, Levi, Skinner, Filip Gustavsson, Evgeny Kuznetsov, Nicolas Aube, Beck Malenstyn, Tom Wilson, Charlie Lindgren, Timo Meier, Dawson Mercer, Vitek Vanecek, Akira Schmid Organizations: CAN, Toronto Maple Leafs, Calgary Flames, Scotiabank Arena, Calle, Maple Leafs, Toronto, Flames, Golden Knights, Sharks, Vegas, San, Flyers, Ducks, Philadelphia, Panthers, Hurricanes, NHL, Eastern, Devon, Buffalo, Minnesota, Sabres, Capitals, Devils, Thomson Locations: Toronto , Ontario, Toronto, A.J, San Jose, Las Vegas, Anaheim, Florida, Carolina, Sunrise, Washington, New Jersey, Newark, Nicolas, Kubel

☆ Canadian Tire lays off 3% of full-time employees, misses profit estimates
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

The Canadian Tire logo is seen in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie/File Photo/File Photo Acquire Licensing RightsNov 9 (Reuters) - Canadian Tire (CTCa.TO) said on Thursday it had laid off 3% of its full-time employees, in an effort to lower costs amid slowing demand due to persisting inflation. Canadian Tire said it expects an annualized run-rate savings of about C$50 million ($36.31 million) as a result of the headcount reduction. Canadian Tire, whose shares were down 2% in afternoon trading, reported adjusted profit of C$2.96 per share, below LSEG estimates of C$3.29 per share. It, however, beat third-quarter revenue expectations, as well as announced an additional C$200.0 million share repurchase program.

Persons: Chris Wattie, Granth, Shilpi Majumdar Organizations: Canadian, REUTERS, Canadian Tire, Thomson Locations: Ottawa , Ontario, Canada, Toronto, Bengaluru

☆ Dollar steady against euro, yen on intervention watch as it hits one-week low
▼ + stars: | 2023-11-08 | by ( Karen Brettell | ) www.reuters.com time to read: +4 min

[1/2] U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. Traders also remained on alert for potential intervention in the Japanese currency as it rose above the 151 level against the dollar, its weakest level in a week. “The dollar is vulnerable to weaker data going forward," said Shaun Osborne, chief foreign exchange strategist at Scotiabank in Toronto. "We’re transitioning to a sort of sell dollar rallies environment, after the buy dollar dips trend that we’ve seen really since the middle of the year." The dollar gained 0.41% to 151.03 Japanese yen , heading back towards levels that have investors on watch for currency intervention.

Persons: Dado Ruvic, Shaun Osborne, ”, Osborne, Jerome Powell, Powell, Nick Bennenbroek, Francesco Pesole, Karen Brettell, Gertrude Chavez, Dreyfuss, Samuel Indyk, Andrea Ricci Organizations: REUTERS, Federal Reserve, Scotiabank, U.S, ING, Reserve Bank of Australia, Thomson Locations: U.S, United States, Toronto

With the economy slowing and adding fewer jobs, banks are anticipating more consumers could default on credit-card payments and mortgages, hurting profits. "(Canadian banks) are running a little bit tighter in capital than they have in the past," said Adrienne Young, director of corporate credit research at Franklin Templeton Canada. "I don't see them having to go out and raise equity... I think the banks will use other tools in their toolbox before having to go and raise equity," said Maria Gabriella Khoury, analyst at credit-ratings agency Fitch. "They are doing that.. to make sure banks are holding more capital as we potentially head into a downturn," Colangelo said.

Persons: Banks, Adrienne Young, Maria Gabriella Khoury, Fitch, Robert Colangelo, Colangelo, Anthony Visano, Nivedita Balu, Rod Nickel Organizations: TORONTO, Franklin Templeton, " Bank of Nova, Scotiabank, BMO, Equity, DSB, Royal Bank of Canada, RBC, HSBC Canada, Kingwest, Thomson Locations: Franklin Templeton Canada, " Bank of Nova Scotia, U.S, Toronto

The Bank of Nova Scotia (Scotiabank) logo is seen outside of a branch in Ottawa, Ontario, Canada, February 14, 2019. REUTERS/Chris Wattie Acquire Licensing RightsTORONTO, Nov 3 (Reuters) - The chief operating officer of Bank of Nova Scotia's (BNS.TO) Canadian banking unit, Kevin Teslyk, has left the company, according to an internal memo seen by Reuters, the latest in a series of management changes under CEO Scott Thomson. James Neate, president of corporate and investment banking and Shawn Rose, chief technology officer have also left Scotiabank, the memo said. Canadian banks, including Royal Bank of Canada (RY.TO), Bank of Montreal (BMO.TO), have announced job cuts due to higher costs forcing. Neate, who has held senior executive roles in retail banking, commercial banking and wealth management, among others, will leave the bank at the end of December, according to the memo.

Persons: Chris Wattie, Kevin Teslyk, Scott Thomson, James Neate, Shawn Rose, Aris Bogdaneris, Dan Rees, Thomson, Mike Rizvanovic, Rose, Nivedita Balu, Kirsten Donovan, Louise Heavens Organizations: of Nova, REUTERS, Rights TORONTO, Bank of Nova, Reuters, Scotiabank, ING Group, Aris, Scotia, Royal Bank of Canada, Bank of Montreal, Thomson Locations: of Nova Scotia, Ottawa , Ontario, Canada, California, Toronto

☆ Instant View: Canada gains 17,500 jobs in October, jobless rate rises to 5.7%
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +1 min

TORONTO, Nov 3 (Reuters) - Canada's economy gained a net 17,500 jobs in October, entirely in part-time work, and the jobless rate rose to 5.7%, Statistics Canada data showed on Friday. Employment in the goods producing sector grew by a net 7,500 jobs, largely in construction. STORIES:MARKET REACTION: CAD/LINK: https://www150.statcan.gc.ca/n1/daily-quotidien/231103/dq231103a-eng.htm?HPA=1COMMENTSDEREK HOLT, VICE PRESIDENT OF CAPITAL MARKETS ECONOMICS AT SCOTIABANK:"So most of the jobs were part time. In terms of Bank of Canada, we got another set of jobs numbers before their next decision and a lot more data before the December meeting. You'd really need to see some strong holiday shopping and end of year activity in order to get a beat on Q4."

Persons: DEREK HOLT, you've, Steve Scherer, Denny Thomas Organizations: TORONTO, Statistics, ECONOMICS, SCOTIABANK, Bank of Canada, Thomson Locations: Statistics Canada, it's

☆ Kings keep perfect road record intact, beat Maple Leafs
▼ + stars: | 2023-11-01 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/59] Oct 31, 2023; Toronto, Ontario, CAN; Toronto Maple Leafs goaltender Joseph Woll (60) makes a save during warm up before a game against the Los Angeles Kings at Scotiabank Arena. By winning the opener of a four-game road trip, the Kings improved to 4-0-0 in games away from home this season. John Tavares scored and Joseph Woll stopped 23 shots for the Maple Leafs, who were coming off a 3-1-1 road trip. Killing off penalties has been a problem for the Maple Leafs early in the season. The Kings kept the Maple Leafs bottled up in their own end for nearly three minutes to finish the second period as the crowd started to boo.

Persons: Joseph Woll, John E, Cam Talbot, Andreas Englund, Phillip Danault, Arthur Kaliyev, Adrian Kempe, Quinton Byfield, John Tavares, Englund, Mark Giordano's, Danault, Trevor Moore, Kaliyev, Tyler Bertuzzi, William Nylander, Tavares, Kempe, Jake McCabe Organizations: CAN, Toronto Maple Leafs, Los Angeles Kings, Scotiabank Arena, Kings, Maple Leafs, Toronto, Nashville Predators, NHL, Thomson Locations: Toronto , Ontario, Los Angeles, . Toronto

☆ Joel Hofer's first shutout sends Blues past Flames
▼ + stars: | 2023-10-27 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/41] Oct 26, 2023; Calgary, Alberta, CAN; Calgary Flames center Blake Coleman (20) skates during the warmup period against the St. Louis Blues at Scotiabank Saddledome. Mandatory Credit: Sergei Belski-USA TODAY Sports Acquire Licensing RightsOctober 27 - Oskar Sundqvist collected a goal and an assist and goaltender Joel Hofer recorded his first career shutout as the visiting St. Louis Blues beat the struggling Calgary Flames 3-0 on Thursday. Kasperi Kapanen and Nick Leddy also scored for the Blues, who have been on a lose-one, win-one run since the season began. Hofer, the St. Louis backup goaltender, made 27 saves for the victory in his second game of the season, the 10th of his NHL career. The Flames summoned defenseman Ilya Solovyov from the minors, and the 2020 seventh-round draft choice made his NHL debut.

Persons: Blake Coleman, Louis, Sergei Belski, Oskar Sundqvist, Joel Hofer, Kasperi Kapanen, Nick Leddy, Hofer, Walker Duehr, Jacob Markstrom, Kapanen, Sundqvist, Kadri, Kapanen's, Nikita Zadorov, Jordan Kyrou, Ilya Solovyov Organizations: Calgary Flames, St, Louis Blues, Scotiabank Saddledome, Blues, NHL, Flames, Calgary, Thomson Locations: Calgary , Alberta

☆ Dennis Schroder scores 22, Raptors top Timberwolves
▼ + stars: | 2023-10-26 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/68] Oct 25, 2023; Toronto, Ontario, CAN; Toronto Raptors fans line up to get into Scotiabank Arena before the home opener against the Minnesota Timberwolves. Mandatory Credit: John E. Sokolowski-USA TODAY Sports Acquire Licensing RightsOctober 26 - Dennis Schroder scored 22 points and the Toronto Raptors defeated the visiting Minnesota Timberwolves 97-94 Wednesday night in the season opener for both teams. Schroder, who was making his Raptors debut, added seven assists to help give new coach Darko Rajakovic a victory. Anthony Edwards led the Timberwolves with 26 points and 14 rebounds, and Rudy Gobert had 15 points and 13 rebounds. The Raptors led by 10 points with 5:29 to play in the third quarter on a layup by Barnes.

Persons: John E, Dennis Schroder, Schroder, Darko Rajakovic, Scottie Barns, Pascal Siakam, Jakob Poeltl, Anthony Edwards, Rudy Gobert, Karl, Anthony Towns, Mike Conley, Naz Reid, Reid, Anunoby, Barnes, Edwards, Shake Milton, Jaylen Clark, Jaden McDaniels, Christian Koloko Organizations: CAN, Toronto Raptors, Scotiabank Arena, Minnesota Timberwolves, Mandatory, Raptors, Timberwolves, Minnesota, Towns, Toronto, The Timberwolves, Thomson Locations: Toronto , Ontario, Toronto, Minnesota

☆ These 6 global stocks are nearing the dreaded 'death cross' chart pattern
▼ + stars: | 2023-10-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Bearish signals, indicating potential selling pressure in the near future, have gripped a handful of global stocks that look close to forming what's known as a "death cross" chart pattern. A death cross is a price chart pattern that forms when a stock's 50-day moving average crosses below its 200-day moving average. The death cross is also used as a bear market predictor. Analysts are also generally bullish, with 11 out of 14 rating the stock as a buy. The median price target of all analysts compiled by FactSet points to a 47.5% upside for the stock.

Persons: Mitsumi, Thierry Pieton, FactSet Organizations: CNBC Pro, Magna International, Renault, Magna, U.S, RBC Capital, RBC, Scotiabank Locations: Belgian, French

☆ What tie-ups in the U.S. oil patch could mean for players like Coterra Energy
▼ + stars: | 2023-10-19 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +6 min

While we don't own companies as mergers-and-acquisition plays, the potential for more tie-ups could have significant implications for our remaining oil name: Coterra Energy (CTRA). Chevron's market cap is around $324 billion, while ConocoPhillips is worth roughly $152 billion, based on Thursday's stock prices. Companies in this basket could include Coterra, Devon Energy (DVN) and Diamondback Energy (FANG). Coterra is valued at roughly $22.4 billion Thursday, while Devon and Diamondback are valued at $31.7 billion and $30.5 billion, respectively. The shift has generally been positive for the stock prices of oil companies.

Persons: Gabriele Sorbara, Siebert Williams Shank, Nitin Kumar, I'm, Kumar, Pioneer's, Devon, Paul Cheng, Cheng, Jim Cramer's, Mizuho's Kumar, Jim Cramer, Jim, Paul Ratje Organizations: Exxon Mobil, Natural Resources, Coterra Energy, Exxon, Co, Chevron, ConocoPhillips, Mizuho Securities, Companies, Devon Energy, Diamondback Energy, Marathon, Bloomberg, Scotiabank, Pioneer, Jim Cramer's Charitable Trust, CNBC, Afp, Getty Locations: U.S, West Texas, New Mexico, Coterra, Devon, Oklahoma, Houston

[1/2] A sign for The Bank of Nova Scotia, operating as Scotiabank, in Toronto, Ontario, Canada, Dec. 13, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOct 18 (Reuters) - Bank of Nova Scotia (BNS.TO) on Wednesday announced plans to cut about 2,700 jobs globally - 3% of its workforce - and take a C$590 million ($430.94 million) charge in the fourth quarter, making it the latest Canadian bank to take cost-cutting steps in a challenging environment. Royal Bank of Canada (RY.TO) and Bank of Montreal (BMO.TO) similarly have cut hundreds of jobs in response to rising costs in a high interest rate environment. Scotiabank said the layoffs will result in a restructuring charge and severance provisions of about C$247 million. Analysts said the charge does not come as a surprise amid a review of is strategic direction.

Persons: Carlos Osorio, Scott Thomson, Darko Mihelic, Jaiveer Singh, Balu, Will Dunham, Shilpi Majumdar, Jonathan Oatis Organizations: The Bank of, Scotiabank, REUTERS, Bank of Nova, Wednesday, Royal Bank of Canada, Bank of Montreal, China's, China's Bank of Xi'an, Analysts, RBC Capital, Thomson Locations: The Bank of Nova Scotia, Toronto , Ontario, Canada, Bank of Nova Scotia, China's Bank, Bengaluru, Toronto

☆ VIEW Canada's annual inflation cools in September
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +4 min

TORONTO, Oct 17 (Reuters) - Canada's annual inflation rate edged down to 3.8% in September on broad-based price reductions for some travel-related services, durable goods and groceries, Statistics Canada said on Tuesday. This beat analysts' expectations for annual inflation to remain at 4.0%. "It's pretty clear that (the central bank) won't be raising rates in my opinion in October. I think if we had gotten another inflation print like August in September - that was the big risk to have another hike. DEREK HOLT, VICE PRESIDENT OF CAPITAL MARKETS ECONOMICS AT SCOTIABANK"I think on a trend basis, the Bank of Canada is behind the inflation wage cycles.

Persons: CLAIRE FAN, MICHAEL GREENBERG, FRANKLIN TEMPLETON, JULES BOUDREAU, MACKENZIE, There's, They'll, DEREK HOLT, Divya Rajagopal, Steve Scherer, Fergal Smith, Denny Thomas Organizations: TORONTO, Statistics, ROYAL BANK, CANADA, Bank of Canada, Business Outlook Survey, ECONOMICS, SCOTIABANK, Thomson Locations: Statistics Canada

REUTERS/Carlos Osorio/File Photo Acquire Licensing RightsOTTAWA, Oct 17 (Reuters) - Canada's annual inflation rate unexpectedly slowed to 3.8% in September and underlying core measures also eased, data showed on Tuesday, prompting markets and analysts to trim bets for another interest rate hike next week. Analysts polled by Reuters had forecast inflation to hold steady at the 4.0% rate recorded in August. Two of the Bank of Canada's (BoC's) three core measures of underlying inflation also decelerated. Money markets trimmed bets for a rate hike next week after the data. "There's no need for further rate hikes in Canada," Reitzes said.

Persons: Carlos Osorio, Jules Boudreau, stoking, Benjamin Reitzes, Reitzes, Statscan, Derek Holt, Macklem, Ismail Shakil, Steve Scherer, Dale Smith, Fergal Smith, Divya Rajagopal, Jonathan Oatis, Nick Zieminski Organizations: REUTERS, Rights OTTAWA, Reuters, Statistics, Mackenzie Investments, Bank of Canada's, Bank of Canada, BoC, BMO Capital Markets, Scotiabank . Bank of Canada, Thomson Locations: Toronto , Ontario, Canada, Statistics Canada, Mackenzie, Ottawa, Toronto

☆ NHL roundup: Auston Matthews’ 2nd straight hat trick lifts Leafs
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +9 min

/ Dan Hamilton-USA TODAY Sports Acquire Licensing RightsOctober 15 - Auston Matthews scored three goals for the second straight game and the Toronto Maple Leafs defeated the visiting Minnesota Wild 7-4 on Saturday night. William Nylander added two goals and an assist for the Maple Leafs, who have won their first two games of the season. Senators 5, Flyers 2Jakob Chychrun had two goals and one assist, Brady Tkachuk scored twice and host Ottawa defeated Philadelphia. Jenner got his second career hat trick by scoring three times in a span bridging the first and second periods. 1 overall pick by Chicago in the 2023 NHL Draft, assisted on Johnson's second goal, giving him a goal and two assists in his first three NHL games.

Persons: Auston Matthews, Tyler Bertuzzi, Dan Hamilton, William Nylander, Calle Jarnkrok, Mitchell Marner, Morgan Rielly, John Tavares, Ryan Hartman, Matt Boldy, Marco Rossi, Brandon Duhaime, Ilya Samsonov, Filip Gustavsson, Jakob Chychrun, Brady Tkachuk, Jake Sanderson, Vladimir Tarasenko, Claude Giroux, Anton Forsberg, Travis Konecny, Cam York, Carter Hart ., Chandler Stephenson, Hill, Greg Cronin's, Jack Eichel, Shea Theodore, Jonas Rondbjerg, Mason McTavish, John Gibson, Cronin, Dallas Eakins, Gibson, Kyle Connor, Mark Scheifele, Mason Appleton, Jets netminder Connor Hellebuyck, Winnipeg's, Evan Rodrigues, Sam Reinhart, Sergei Bobrovsky, James van Riemsdyk's, Nashville . van Riemsdyk, Charlie McAvoy's, David Pastrnak, Brad Marchand, Boone Jenner, Jenner, Erik Gustafsson, Will Cuylle, Chris Kreider, Filip Chytil, Mika Zibanejad, Alex DeBrincat, Compher, Moritz Seider, DeBrincat, Dylan Larkin, Steven Stamkos, Victor Hedman, Sean Monahan, Cole Caufield, Tanner Pearson, Sam Montembeault, Tyler Johnson, Petr Mrazek, Connor Bedard, Bryan Rust, Jake Guentzel, Evgeni Malkin, Reilly Smith, Kris Letang, Matt Coronato, Jonathan Huberdeau, Jacob Markstrom, Nils Hoglander, Sam Lafferty, Casey DeSmith, Andrei Kuzmenko, Jack Studnicka, Elias Pettersson, backstop, Ryan Nugent, Hopkins, Leon Draisaitl, Connor McDavid, Stuart Skinner, Jordan Binnington, Louis, Jordan Kyrou, Robert Thomas, Binnington, Vince Dunn's, Adam Larsson, Jaden Schwartz, Joey Daccord, Casey Cizikas, Brock Nelson, Kyle Palmieri, Ilya Sorokin, Jordan Greenway, Casey Mittelstadt, Devon Levi, Jordan Martinook, Brent Burns, Aho, Jesperi Kotkaniemi, Brendan Lemieux, Teuvo Teravainen, Anze Kopitar, Drew Doughty, Moore, Vladislav Gavrikov, Kevin Fiala, Cale Makar, Mikko Rantanen, Alexandar Georgiev, Mackenzie Blackwood, Thomas Bordeleau Organizations: CAN, Toronto Maple Leafs, Minnesota Wild, Scotiabank Arena, Maple Leafs, Toronto, Minnesota, Senators, Flyers, Ottawa, Philadelphia, Carter Hart . Golden Knights, Ducks, Greg Cronin's NHL, Anaheim, Vegas, Golden Knights, Jets, Panthers, Winnipeg, Florida, Bruins, Boston, Nashville ., Blue Jackets, Rangers, Columbus, Boston Bruins, Wings, Detroit, Tampa, Red Wings, Lightning, Canadiens, Blackhawks, Montreal, Chicago, NHL, Penguins, Flames, Pittsburgh, Calgary, Canucks, Oilers, Seattle, Blues, Islanders, Sabres, New, Hurricanes, Carolina, Los Angeles Kings, Kings, Los, Avalanche, Sharks, Colorado, San Jose, San, Thomson Locations: Toronto , Ontario, Las Vegas, Florida, New York, York, Tampa Bay, Calgary, Vancouver, Elmont, squandering, Los Angeles, San, San Jose

☆ Elias Lindholm's late goal spurs Flames past Jets
▼ + stars: | 2023-10-12 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/50] Oct 11, 2023; Calgary, Alberta, CAN; Winnipeg Jets center Mark Scheifele (55) skates during the warmup period against the Calgary Flames at Scotiabank Saddledome. Kyle Connor, Alex Iafallo and Mark Scheifele scored for the Jets. Connor equaled the score just over two minutes later when a wrist shot from the slot handcuffed Markstrom and trickled over the line. Again the Jets tied the score, drawing even when Iafallo redirected Dylan DeMelo's point shot at 11:19 of the second period. However, Scheifele found the mark with 5:42 remaining in regulation, lifting a top-shelf shot from the slot to again tie the clash.

Persons: Mark Scheifele, Sergei Belski, Elias Lindholm, Andrew Mangiapane, MacKenzie Weegar, Rasmus Andersson, Jonathan Huberdeau, Jacob Markstrom, Kyle Connor, Alex Iafallo, Connor Hellebuyck, Mangiapane, Lindholm, Ryan Huska, Connor, Markstrom, Cam Atkinson, Yvan Cournoyer, Weegar, Iafallo, Dylan, Andersson, Scheifele Organizations: CAN, Winnipeg Jets, Calgary Flames, Scotiabank Saddledome, Flames, Jets, Thomson Locations: Calgary , Alberta

☆ Leafs claw back from two goals twice, beat Habs in shootout
▼ + stars: | 2023-10-12 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/44] Oct 11, 2023; Toronto, Ontario, CAN; Montreal Canadiens right wing Cole Caufield (22) skates during the warm up before game against the Toronto Maple Leafs at Scotiabank Arena. Noah Gregor and William Nylander also scored for the Maple Leafs. Alex Newhook scored twice for Montreal. The Canadiens took advantage of an odd-man break from their own end to take a 2-0 lead at 1:10 of the second period. Samsonov saved Montreal's last penalty-shot attempt by Dach to cement the win for the Maple Leafs.

Persons: Cole Caufield, Nick Turchiaro, Mitchell Marner, Auston Matthews, Noah Gregor, William Nylander, John Tavares, John Klingberg, Alex Newhook, Jake Evans, Jesse Ylonen, Kirby Dach, Ilya Samsonov, Jake Allen, Evans, TJ Brodie, Evans pounced, Juraj Slafkovsky, Gregor, Matthews, Newhook, Caufield's, Tyler Bertuzzi, Arber, Ylonen, Samsonov, Montreal's Organizations: CAN, Montreal Canadiens, Toronto Maple Leafs, Scotiabank Arena, Toronto, Maple Leafs, Montreal, Canadiens, Leafs, Thomson Locations: Toronto , Ontario, Montreal, Toronto

Search resuls for: "SCOTIABANK"

25 mentions found