Canadian Bank Stocks’ Return Year-to-Date: Chart

Canadian banks stocks also have not escaped the carnage in the markets so far this year. The declines have not been severe. Most have fallen under 10% with the exception of Bank of Nova Scotia(BNS) which is off by over 11%. Unlike its peers, ScotiaBank has high exposure to emerging markets especially in Latin America. So investors are worried more about its future earnings as rising interest rates, geopolitical risks and other factors are worse for emerging markets than developed markets.

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