Credit Card Debt

Bank Credit Line Scotia


Answers

Can I combine my PC Home Mortgage with my Scotia Bank Professional Line of Credit?

I would like to get rid of my Professional Line of Credit (this was my student loan). I have around $40Gs left on it and I would like to put it on my mortgage and just pay a higher bi-weekly mortgage payment. Can I do this? and how?


You would have to refinance your current mortgage and use the equity in your home to payoff the existing loan, assuming you have 40K in equity.

Rudy Gullani, 9/11 and the Bank of Nova Scotia.


Few thoughts about Rudy Gulliani and his heroic status born in the wake of the death and destruction of september 11th 2001. please cross ...

How much savings do you need to apply for a student line of credit?

I have applied for a student line of credit through scotia bank. Both my parents have co-signed it. I dont have very much savings because I just paid half of my tuition. Do you think i will qualify?


If your parents are considered strong co-signers then you will get your student line of credit. (because if you default and run up the card and then not make your payments on time... they get to pay it off).

It is the same as a credit card.

You get a preset spending limit and of course a monthly bill.


Bank of Nova Scotia (NYSE: BNS) Posts Strong Results, Led By ...

While Investment Banking revenues have remained flat at most US firms, there has been an interesting development north of the border: the Bank of Nova Scotia (NYSE: BNS), the third largest bank in Canada posted it’s biggest quarterly profit increase since 2002, attributed to higher investment banking fees.

Net income in the fourth quarter rose to $855.7 million, or 83 cents per share, compared to 28 cents per share in the same period of 2008.

Scotiabank was the last of Canada’s six largest banks to report their quarterly results, and those earnings are fueled by a surge in fees that were derived from trading, along with arranging stock sales.

David Baskin, president of Baskin Financial Services in Toronto, noted “The business climate for the banks in general in Canada is very strong right now.” With capital market activity showing clear signs of improvement, the Canadian banks are in a unique position, as they are insulated from European bank’s Dubai troubles, and not facing the scrutiny of the treasury department which America’s banks are.

...

Read more...

News

Auto sector on road to recovery in 2010, says Scotia Economics

The Canadian Press - Dec 29, 2009

Auto sector on road to recovery in 2010, says Scotia Economics TORONTO — The latest auto industry forecast from Scotia Economics predicts a strong recovery in 2010. The bank says a cyclical recovery in global auto sales Auto Industry Looking Up: Scotia Economicsall 64 news articles »
FOREX VIEW: Bank Of Canada An Obstacle For Canadian Dollar

Wall Street Journal - Dec 25, 2009

"We see the (Federal Reserve) and the Bank of Canada more-or-less moving in lock step at the current point in time." Nonetheless, Scotia expects the and more »
Scotiabank Gets License to Open Precious-Metals Branch in Dubai

Bloomberg - Dec 23, 2009

22 () -- Bank of Nova Scotia, Canada's No. 3 lender, was licensed to open a precious-metals unit in Dubai, the Gulf emirate embroiled in debt and more »
Bk Nova Scotia 4Q Net Up; Cdn Banking, Scotia Capital Results Strong

Wall Street Journal - Dec 09, 2009

Bk Nova Scotia 4Q Net Up; Cdn Banking, Scotia Capital Results Strong The Canadian PressBank of Nova Scotia (BNS), Canada's third-biggest bank, posted record fourth-quarter results, with lower-than-expected credit losses Scotiabank net income up in fourth quarter, revenues rise from year-agoScotiabank quarterly profits tripleInvestors unimpressed by Scotia's profit surge - -all 251 news articles »
Canada Regulators Approve C$139M In Asset-Backed Comml Paper Settlements

Wall Street Journal - Dec 22, 2009

Canada Regulators Approve C$139M In Asset-Backed Comml Paper Settlements Globe and MailThe Investment Industry Regulatory Organization of Canada extracted C$28.95 million from Bank of Nova Scotia's (BNS) Scotia Capital. Scotia will pay an Canada banks to pay C$139 mln in ABCP settlementBanks walk away from ABCP messABCP penalties to total $138.8Mall 202 news articles »
Canadian Dollar Climbs to Three-Week High as Crude Oil Gains

Bloomberg - Dec 25, 2009

A Canadian commodity price index compiled by the Bank of Canada advanced more than 20 percent this year. Raw materials generate half of Canada's export and more »
Economy took a wild ride in 2009 — but it did get a little bit better

Vancouver Sun - Dec 28, 2009

Warren Jestin, chief economist with the Bank of Nova Scotia, sees two distinct economic periods for 2009 — one that started in September 2008 and extended and more »