Canadian lender Bank of Nova Scotia beat estimates for quarterly profit on Tuesday, as strength in its international division buffered the bank from higher credit provisions, a factor that led rival Bank of Montreal to disappoint. Banks in Canada are seeing increased credit provisions on elevated household debt-to-income ratios and struggles in the oil and gas sector, while margins and capital markets businesses face pressure from a global economic slowdown and trade uncertainties. Both banks saw higher loan-loss provisions during the quarter.

source https://finance.yahoo.com/news/wrapup-1-scotiabank-international-strength-124327847.html?.tsrc=rss