Scotiabank and Bank of Montreal's Q3 profits decline due to increased loan-loss provisions.

Scotiabank's Q3 profit declines due to increased loan loss provisions, reaching a lower profit than the previous year. The higher provisions reflect potential credit risks, impacting the bank's overall earnings. This trend is consistent with Bank of Montreal's Q3 results, which also saw a decrease in profit due to increased loan-loss provisions.

August 27, 2024
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