Scotiabank Exec Says Unemployment Continues To Be Strong In Canada

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 Scotiabank Exec Says Unemployment Continues To Be Strong In Canada
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Nov 29 (Reuters) - Bank of Nova Scotia:


* SCOTIABANK CFO SAYS BANK'S EARNINGS IN 2023 ARE EXPECTED TO BENEFIT FROM HIGHER INTEREST INCOME AND NONINTEREST REVENUE - CONF CALL

* SCOTIABANK CFO SAYS BANK'S 2023 EARNINGS WILL BE IMPACTED BY HIGHER FUNDING COSTS, HIGHER EXPENSES, NORMALIZING PROVISIONS FOR CREDIT LOSSES AND A HIGHER TAX RATE IN BOTH CANADA AND CERTAIN INTERNATIONAL COUNTRIES

* SCOTIABANK CFO SAYS ONCE RATES STABILIZE, THE BANK IS EXPECTED TO BENEFIT FROM ASSET REPRICING, RESULTING IN NET INTEREST MARGIN EXPANSION

* SCOTIABANK CEO SAYS IN THE PACIFIC ALLIANCE COUNTRIES, GROWTH IS MODERATING FROM ITS RECENT PACE THAT'S SEEN OVER THE PAST YEAR

* SCOTIABANK CFO SAYS EARNINGS ARE EXPECTED TO REMAIN STABLE IN 2023, REFLECTING THE SLOWING ECONOMIC BACKDROP AND A HIGHER STATUTORY TAX RATE

* SCOTIABANK EXEC SAYS THE HEALTH OF THE CANADIAN CONSUMER IS CONSIDERABLY STRONGER THAN THEY WERE PRE-PANDEMIC

* SCOTIABANK EXEC SAYS UNEMPLOYMENT CONTINUES TO BE STRONG IN CANADA Source text for Eikon: Further company coverage:

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