Reuters is reporting Tuesday morning that the Bank of Nova Scotia will eliminate as many as 1,500 jobs and book a pre-tax charge of $451 million mainly because its business plans in Caribbean and South America have not quite worked out. BNS says about 1,000 jobs will be lost in Canada, The bank will also close or slim down as many as 120 branches primarily in Mexico and the Caribbean. The moves are set to hurt the bank’s earnings by some 28 Canadian cents a share in the fourth-quarter ended October 31, 2014. Reuters
