Scotiabank reports higher Q3 earnings, sets aside less money for bad loans

Scotiabank is the latest of the big banks to report higher profits in the third quarter, thanks to strong returns from all of its domestic and international banking operations. Scotiabank also lowered the money it set aside for bad loans by $181 million from the second quarter to $571 million. Scotiabank also said it would raise its quarterly dividend by two cents a share to 74 cents.