SCOTIA BANK ON LINE
Reuters Canada Business Summary The Globe and Mail TORONTO (Reuters) - Bank of Nova Scotia reported an 11 percent rise in fourth-quarter earnings on Friday on the back of strong domestic and international banking results, as well as higher trading revenues. Bank of Canada holds rates steady Reuters via Yahoo! News The Bank of Canada held its key overnight interest rate unchanged at 4.25 percent on Tuesday for the fourth straight time and gave no hint of future cuts despite signs of economic weakness. Reuters Canada Business Summary The Globe and Mail TORONTO (Reuters) - The president and chief executive of Hydro One, which delivers electricity in Ontario, has resigned following criticism about his office's expenses, the Canadian utility said on Friday. More growth: CMHC reports November housing starts better than expected CP via Yahoo! Canada News TORONTO (CP) - November turned out to be a better month for housing starts than expected, building on a strong October and setting the stage for 2006 to be "a very good year for Canada's housing market," in the words of one economist. Reuters Canada Business Summary The Globe and Mail WINNIPEG, Manitoba (Reuters) - The sharp rise in the Canadian dollar has caused job losses in the manufacturing sector, but new jobs in financial services have helped make up for it, Finance Minister Jim Flaherty said on Friday. Scotiabank exceeds targets on record full year and solid fourth quarter results PR Newswire via Yahoo! Finance Scotiabank exceeded all of its key financial and operational targets in achieving record earnings in 2006, with net income available to common shareholders of $3,549 million. Earnings per share were $3.55, in comparison to $3.15 in 2005. Investment Commission sees $40 b proposals; Dow plans $10 b The Hindu NEW DELHI: The Ratan Tata-headed Investment Commission has identified more than a dozen projects that entail a total investment of $40 billion, including an estimated $10 billion by the US chemical giant Dow. Canadian dollar drops after BoC The Globe and Mail TORONTO (Reuters) - The Canadian dollar fell on Tuesday as the Bank of Canada's expected decision to leave the overnight rate unchanged was followed by a comment that fourth-quarter economic growth may be weaker than expected. Canadian dollar dips before BoC The Globe and Mail TORONTO (Reuters) - The Canadian dollar dropped against the U.S. dollar on Tuesday and held within a tight trading range before an interest rate decision by the Bank of Canada and its accompanying statement which may hint at future policy. Canada's Scotia Bank plans expansion The Hindu TORONTO: Canada's Bank of Nova Scotia is looking to carve out more business and push its brand in India after more than two decades of a marginal banking presence in the world's second most populated country.
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