Scotiabank profit plunges 40% as bad loans more than double amid COVID-19 | CBC News
Scotiabank posted a profit of $1.32 billion in the three months up to the end of April, a fall of more than 40 per cent from last year’s level as the bank had to set aside twice as much money for bad loans.Scotiabank says it set aside $1.85 billion for bad loans in the past quarter,…