Scotiabank profit rises in fourth quarter despite trade war pressures and restructuring charge

Scotiabank reported higher fourth-quarter profit despite trade war pressures on the economy and a restructuring charge. 

The bank announced Tuesday that its profit for the quarter ended Oct. 31 was $2.2 billion, up from $1.69 billion in the same period last year. It said the increase was primarily driven by higher net interest income and non-interest income.