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Tuesday, January 8, 2013

BRIEF-Scotiabank says "can't wait forever" on Guangzhou acquisition, (NYSE: BNS), (TSE: CIX.TO)

Bank of Nova Scotia : * CEO Waugh says CMHC should not be privatized * Scotiabank CEO says bank won't rush into anything regarding CI Financial Corp stake, suggests bank could either eventually sell it or purchase thewhole thing * Scotiabank CEO says bank "can't wait forever" for bank of Guangzhouacquisition to close, says will have to refresh due diligence on transaction * Scotiabank CEO Waugh says his departure is not imminent, but says he's "onthe downward slope"

The Bank of Nova Scotia (the Bank) is a diversified financial institution. Shares of BNS fell by 0.38% or $-0.22/share to $58.26. In the past year, the shares have traded as low as $48.45 and as high as $59.18. On average, 420554 shares of BNS exchange hands on a given day and today's volume is recorded at 89035.

CI Financial Corp. (CI) is a diversified wealth management and an independent investment fund company. Shares of CIX fell by 0.76% or $-0.19/share to $24.91. In the past year, the shares have traded as low as $20.50 and as high as $25.39. On average, 181444 shares of CIX.TO exchange hands on a given day and today's volume is recorded at 13525.



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