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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  The Bank of Nova Scotia    BNS   CA0641491075

THE BANK OF NOVA SCOTIA

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Canada GDP Rebounds in May With 4.5% Gain

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07/31/2020 | 10:00am EDT

By Paul Vieira

OTTAWA--After a short yet sharp pandemic-induced plunge, Canadian economic output surged in May on the strength of retail spending and the resumption of construction activity. Another stellar month of growth is anticipated in June.

Statistics Canada on Friday said GDP in May rose 4.5% from the previous month, to 1.700 trillion Canadian dollars ($1.265 trillion). Expectations in the market were for a 3.5% increase, according to economists at Bank of Nova Scotia. The May's climb follows a revised 11.7% decline in April.

Even with May's gain, economic output remains 15% below pre-pandemic levels.

The data agency added it estimates that GDP grew 5% in June on a month-over-month basis. For the second quarter as a whole, Statistics Canada anticipates a nonannualized decline of 12%. Those estimates are subject to revision with the release of second-quarter data on Aug. 28.

Write to Paul Vieira at paul.vieira@wsj.com

 


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Financials
Sales 2020 31 460 M 23 611 M 23 611 M
Net income 2020 6 360 M 4 773 M 4 773 M
Net Debt 2020 - - -
P/E ratio 2020 10,4x
Yield 2020 6,41%
Capitalization 67 537 M 50 734 M 50 687 M
Capi. / Sales 2020 2,15x
Capi. / Sales 2021 2,18x
Nbr of Employees 95 369
Free-Float 100,0%
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Technical analysis trends THE BANK OF NOVA SCOTIA
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Mean consensus HOLD
Number of Analysts 14
Average target price 60,75 CAD
Last Close Price 54,28 CAD
Spread / Highest target 29,0%
Spread / Average Target 11,9%
Spread / Lowest Target -9,73%
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Managers
NameTitle
Brian Johnston Porter President, CEO & Non-Independent Director
Aaron William Regent Chairman
Loretta Marcoccia Chief Operating Officer, EVP-Global Banking
Rajagopal Viswanathan Chief Financial Officer & Executive Vice President
Michael Zerbs Chief Technology Officer & Group Head
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