TORONTO, Sept. 19, 2024 /CNW/ - Scotiabank and ZayZoon, a financial empowerment platform, announced today a strategic partnership to expand Earned Wage Access (EWA) in the Canadian market. EWA allows employees to access their earned wages before payday with an innovative solution that easily integrates into employers' payroll systems. This collaboration will bring EWA to the forefront of employee benefits, offering greater financial flexibility and control for workers across Canada.

MONTREAL, Sept. 18, 2024 /CNW/ - Scotiabank today announced the appointment of Jean-François Courville to the newly-created role of President, Quebec, reporting directly to Aris Bogdaneris, Group Head, Canadian Banking. This critical role is designed to support the Bank's Grow Quebec strategy, including opportunities that span all of our Canadian Banking, Global Wealth Management, and Global Banking and Markets businesses.

TORONTO, Sept. 17, 2024 /CNW/ - Scotia Global Asset Management announced today the September 2024 cash distributions for the Scotia ETFs listed on the Cboe Canada exchange, which pay on a monthly or quarterly basis, as noted below. Unitholders of record on September 24, 2024 will receive a cash distribution payable on October 2, 2024, as noted below.

Scotia ETF name

Ticker symbol 

Cash distribution per unit ($)

Distribution frequency

Scotia Canadian Bond Index Tracker ETF

SITB

0.041

Monthly

Scotia Canadian Large Cap Equity Index Tracker ETF

SITC

0.217

Quarterly

Scotia Emerging Markets Equity Index Tracker ETF

SITE

0.269

Quarterly

Scotia International Equity Index Tracker ETF

SITI

0.136

Quarterly

Scotia Responsible Investing Canadian Bond Index ETF

SRIB

0.044

Monthly

Scotia Responsible Investing Canadian Equity Index ETF

SRIC

0.111

Quarterly

Scotia Responsible Investing International Equity Index ETF

SRII

0.082

Quarterly

Scotia Responsible Investing U.S. Equity Index ETF

SRIU

0.061

Quarterly

Scotia U.S. Equity Index Tracker ETF

SITU

0.094

Quarterly

TORONTO, Sept. 4, 2024 /CNW/ - Scotiabank announced today that it is decreasing its Canadian dollar prime lending rate to 6.45 per cent from 6.70 per cent, effective September 5, 2024.

About Scotiabank Scotiabank's vision is to be our clients' most trusted financial partner, to deliver sustainable, profitable growth and maximize total shareholder return. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion (as at July 31, 2024), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on X @Scotiabank.

TORONTO, Aug. 30, 2024 /CNW/ - Scotiabank announced today that it has completed its acquisition of approximately 4.9% pro-forma ownership stake in KeyCorp through newly issued common shares at a price of US$17.17 per share. The cash consideration is approximately US$0.8 billion.

Scotiabank previously announced on August 12, 2024, that it had entered into an agreement to acquire an approximate 14.9% pro-forma ownership stake in KeyCorp. Subject to regulatory approvals, the additional investment of approximately 10% (for a total pro-forma ownership of approximately 14.9%) is expected to close in fiscal 2025.

TORONTO, Aug. 30, 2024 /CNW/ - Aris Bogdaneris, Group Head, Canadian Banking, will speak at the Barclays 22nd Annual Global Financial Services Conference in New York on September 9, 2024.

Mr. Bogdaneris is scheduled to participate in a 40-minute fireside chat starting at approximately 2:00 pm ET. Interested parties may listen to the session live on Scotiabank's Investor Relations page at www.scotiabank.com/investorrelations. A replay will be available on the website after the event.

TORONTO, Aug. 28, 2024 /CNW/ - Scott Thomson, Scotiabank's President and Chief Executive Officer, will speak at the 25th Annual Scotiabank Global Banking and Markets Financials Summit in Toronto on September 4, 2024. The conference features executives from Canada's leading financial services companies, who will discuss their corporate strategies and current topics and trends in the financial markets.

TORONTO, Aug. 27, 2024 /CNW/ - Scotiabank today announced a dividend on the outstanding shares of the Bank, payable October 29, 2024, to shareholders of record at the close of business on October 2, 2024:

Common Shares

Holders may elect to receive their dividends in common shares of the Bank in lieu of cash dividends, in accordance with the Bank's Shareholder Dividend and Share Purchase Plan (the "Plan"). Under the Plan, the Bank determines whether the additional common shares will be purchased on the open market or issued by the Bank from treasury. At this time, and until October 31, 2024, for the purposes of dividend reinvestments and stock dividends under the Plan, the Bank will continue to issue Common Shares (as defined in the Plan) from treasury, with a 2% discount to the Average Market Price (as defined in the Plan). For optional share purchases made under the Plan, the Bank will issue common shares from treasury at 100% of the Average Market Price (as defined in the Plan) until October 31, 2024. Such shares will be allotted for issuance by Computershare Trust Company of Canada, as agent under the Plan, for the account of participants in the Plan, in an amount determined in accordance with the provisions of the Plan.

All amounts are in Canadian dollars and are based on our unaudited Interim Condensed Consolidated Financial Statements for the quarter ended July 31, 2024 and related notes prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), unless otherwise noted. Our complete Third Quarter 2024 Report to Shareholders, including our unaudited interim financial statements for the period ended July 31, 2024, can also be found on the SEDAR+ website at www.sedarplus.ca and on the EDGAR section of the SEC's website at www.sec.gov. Supplementary Financial Information is also available, together with the Third Quarter 2024 Report to Shareholders on the Investor Relations page at www.scotiabank.com.

TORONTO, Aug. 22, 2024 /CNW/ - Scotia Global Asset Management (the "Manager") today announced that it has received securityholder approval at the special meetings of the securityholders on August 22, 2024, to merge certain ScotiaFunds. The mergers are expected to take effect on or about November 22, 2024.

Each of the following mutual funds (each, a "Terminating Fund") will be merged into its corresponding mutual fund (each, a "Continuing Fund"):