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Scotiabank to buy back common shares

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Scotiabank to buy back common shares

Toronto-based Bank of Nova Scotia intends to repurchase up to 24 million of its common shares, subject to the Toronto Stock Exchange's approval.

Scotiabank will repurchase approximately 2% of the company's outstanding common shares as of May 24. The repurchases will start June 4 and will end June 3, 2020, or at an earlier date if the bank completes the repurchases.