'It could be catastrophic': Woman says natural supplement contained hidden painkiller drug
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
Scotiabank raised its quarterly dividend Tuesday as it reported a fourth-quarter profit that rose compared with a year ago and beat expectations.
The first big Canadian bank to report its fourth-quarter results said it will now pay a quarterly dividend of $1 per share, up from 90 cents. Scotiabank also announced plans to buy back up to 24 million of its shares.
The increased payment to shareholders and share buyback plan follow a decision by the Office of the Superintendent of Financial Institutions earlier this month to lift COVID-19-related restrictions and allow federally regulated banks and insurers to increase dividends, resume share buybacks and raise executive compensation.
Scotiabank said its net income totalled nearly $2.6 billion or $1.97 per diluted share for the quarter ended Oct. 31, up from $1.9 billion or $1.42 per diluted share in the same quarter last year.
Revenue totalled nearly $7.7 billion, up from $7.5 billion a year ago.
On an adjusted basis, Scotiabank said it earned $2.10 per diluted share, up from an adjusted profit of $1.45 per diluted share in its fourth quarter last year.
Analysts on average had expected Scotiabank to earn an adjusted profit of $1.90 per share, according to data compiled by financial markets data firm Refinitiv.
"We ended the year with strong fourth-quarter earnings and exceeded our medium-term financial targets in fiscal 2021," Scotiabank chief executive Brian Porter said in a statement.
"Our diversified business model demonstrated its resilience through the pandemic, and the bank is well positioned to achieve its full earnings power in the upcoming year."
The increase in profit came as the bank's provisions for credit losses fell to $168 million in its fourth quarter, compared with $1.13 billion in the same quarter last year and $380 million in its third quarter.
Scotiabank said its Canadian banking operations earned $1.2 billion, up from $778 million in the same quarter last year.
International banking operations earned $528 million, up from $263 million a year ago, while global wealth managing earned $385 million, up from $323 million. Global banking and markets earned $502 million, up from $460 million.
For its full financial year, Scotiabank said it earned nearly $10 billion or $7.70 per diluted share on $31.3 billion in revenue, up from a profit of nearly $6.9 billion or $5.30 per diluted share on $31.3 billion in revenue a year earlier.
Scotiabank's adjusted profit for the full year totalled $7.87 per diluted share, up from $5.36 per diluted share.
A Manitoba woman thought she found a miracle natural supplement, but said a hidden ingredient wreaked havoc on her health.
Police have released video footage of a dramatic takedown of a group of teens wanted in connection with an attempted carjacking in Markham earlier this month.
Hospital chaplain J.S. Park opens up about death, grief and hearing thousands of last words, and shares his advice for the living.
Group of Seven foreign ministers warned of new sanctions against Iran on Friday for its drone and missile attack on Israel, and urged both sides to avoid an escalation of the conflict.
The World Health Organization is likely to issue a wider warning about contaminated Johnson and Johnson-made children's cough syrup found in Nigeria last week, it said in an email.
Several Nova Scotia groups that assist women are speaking out against comments on domestic violence by Justice Minister Brad Johns, and at least one is calling for his dismissal.
Every good wedding has to have one teensy, tiny crisis.
A woman who recently moved to Canada from India was searching for a job when she got caught in an online job scam and lost $15,000.
More money will land in the pockets of some Canadian families on Friday for the latest Canada Child Benefit installment.
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a grade four student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.
When Les Robertson was walking home from the gym in North Vancouver's Lower Lonsdale neighbourhood three weeks ago, he did a double take. Standing near a burrow it had dug in a vacant lot near East 1st Street and St. Georges Avenue was a yellow-bellied marmot.
A moulting seal who was relocated after drawing daily crowds of onlookers in Greater Victoria has made a surprise return, after what officials described as an 'astonishing' six-day journey.
Just steps from Parliament Hill is a barber shop that for the last 100 years has catered to everyone from prime ministers to tourists.
A high score on a Foo Fighters pinball machine has Edmonton player Dave Formenti on a high.
A compound used to treat sour gas that's been linked to fertility issues in cattle has been found throughout groundwater in the Prairies, according to a new study.