By Paulo Trevisani

The Bank of Nova Scotia said Tuesday that foreign-exchange rates had a negative impact on revenue.

The Toronto-based lender reported net income of CN$1.2 billion ($918 million) in the fourth fiscal quarter ended Oct. 31, a 3% decline from a year earlier that included a negative impact from FX translations.

FX, however, had a positive impact when comparing with the previous quarter, Bank of Nova Scotia said.

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

11-30-21 1307ET