Scotiabank CEO flags elections in US, Mexico undermining decision making

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Scotiabank CEO flags elections in US, Mexico undermining decision making
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First-ever speedcubing competition in P.E.I. draws large crowd | SaltWire #rubikscube #charlottetownTORONTO - Canadian lender Bank of Nova Scotia on Tuesday warned that upcoming elections in the U.S. and Mexico are creating political uncertainty, challenging the bank's long-term business decision-making ability.

The plan could expose Scotiabank to a market with unpredictable political risks and where foreign banks have struggled to make inroads, analysts have said. He said the bank's international businesses have improved with lower capital while it continues to prioritize the three North American countries which hold a total gross domestic product of $30 trillion.

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