Good morning! Some very interesting items here. Looking at Scotiabank’s decision to focus on Latin America over the Caribbean, at the Lucky 13 stocks you might want to buy, at how the GM shutdown is our own fault, and a breaking energy story on the end (or not) to the hostile battle for Trinidad Drilling.
Scotiabank says it is leaving nine countries in the Caribbean even as operations in Mexico, Peru, Chile and Colombia drive international earnings up 17%. As Geoff Zochodne reports, the bank said adjusted profit from its international banking unit grew at a greater rate than did its Canadian business over the past year. In fact, it is expanding in Latin America, where it is forecasting that growth in some countries will also outpace Canada. And its fiscal 2018 results were pretty tropical, too.