Latest news with #Bank of Nova Scotia
Bloomberg
21-07-2025
- Business
- Bloomberg
Economists See Slimmer Chance of More Rate Cuts in Canada This Year
Expectations for further interest rate cuts this year from the Bank of Canada are slowly evaporating. Economists at two of Canada's largest lenders, Bank of Nova Scotia and Royal Bank of Canada, now say Governor Tiff Macklem and his officials will keep their benchmark rate at 2.75% through the end of 2025.
Bloomberg
18-07-2025
- Business
- Bloomberg
CIBC Overtakes Scotiabank in Market Value After Stock's 47% Run
Canadian Imperial Bank of Commerce has inched past Bank of Nova Scotia in market capitalization to become Canada's fourth-most valuable bank, as investor sentiment shifts in favor of lenders with more exposure to the domestic market. CIBC has been the top-performing major Canadian bank over the past year, with its shares soaring 47%, giving it a market value of C$94.6 billion ($68.9 billion) as of Friday's close. It hadn't outranked Scotiabank since the early 2000s, until this month.
