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In 2014, Scotiabank signed a deal to buy a 20 percent stake in Canadian Tire's financial services business, which includes Canadian Tire Bank, [1] [2] for $500 million in cash as part of a strategic partnership between the two companies under which Scotiabank was also permitted to buy up to an additional 30% (or sell back to Canadian Tire its ...
In the banking category, members with eligible Scotiabank debit and credit cards can earn points for every card purchase, and can also convert their points into account credit for their Scotiabank account. [13] Scotiabank cardholders can also book with a travel operator and apply Scene+ points to their trip within 12 months. [20]
Scotiabank has billed itself as "Canada's most international bank" due to its acquisitions primarily in Latin America and the Caribbean, and also in Europe and parts of Asia. Scotiabank is a member of the London Bullion Market Association and one of fifteen accredited institutions which participate in the London gold fixing. [6]
ScotiaLife Financial is a Canadian insurance company that is a subsidiary of Scotiabank (also known as Bank of Nova Scotia.. Through this brand, Scotiabank Group markets commercial insurance products to the general public, predominantly individuals and families. [1]
As Scotiabank found no merger partners among the other banks in the big five group, it instead expanded its international operations and passed the Bank of Montreal in size. TD Bank merged with Canada Trust , which was for a long time the largest trust in Canada, thus vaulting TD into the number two spot. [ 23 ]
Tangerine offers the same services that had been provided by ING Direct Canada, namely savings accounts, chequing accounts, mutual funds and mortgages. [16] Tangerine's mutual funds (marketed as 'portfolios') are based on an indexing strategy , each tracking a weighted combination of three or four equity and/or bond indices.
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Thomson went next to the University of Chicago, where he received a master of business administration in 1998. [1] Thomson began his career in 1998 as an investment banker with Goldman Sachs. In 2003 he left Goldman to join BCE in Toronto, where he was appointed vice-president for corporate strategy, mergers and acquisitions.