By Colin Kellaher


Bank of Nova Scotia has regulatory approval to buy back up to 15 million of shares.

Scotiabank on Thursday said the new buyback will begin on April 7 and represents about 1.2% of its more than 1.23 billion shares outstanding as of March 24.

The Toronto-based bank, which sports a market capitalization topping 120 billion Canadian dollars ($86.48 billion), said it shelled out nearly C$1.81 billion to buy back 20 million shares under its most-recent repurchase program.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

04-02-26 0637ET