Scotiabank not overly concerned by Mexico election as bank maps out growth plans, CEO says

News Snapshot:

The head of Scotiabank BNS-T says he’s not overly concerned with the election result in Mexico, a key area of focus for growth at the bank. Speaking at a Canadian Club Toronto event on Thursday, Scott Thomson said the election of Claudia Sheinbaum as president last weekend was no surprise, but the apparent congressional supermajority was. “What wasn’t expected was Congress … that’s what’s created a little bit of uncertainty,” he told the audience. The strength of the election victory – the final results of which are still pending – has raised fears that her party will press forward with...