Scotiabank CEO Sees ‘Trump Doctrine’ as Positive for Growth

Bank of Nova Scotia’s international business could benefit from a rightward political shift in Latin America alongside rising US influence in the region, Chief Executive Officer Scott Thomson said.

After what he described as a “bit of a lost decade” for regional growth, US President Donald Trump’s renewed push for Western Hemisphere dominance should prove a longer-term positive, Thomson said Tuesday at Royal Bank of Canada’s annual Canadian bank CEO conference. US forces ousted Venezuelan President Nicolas Maduro over the weekend.

“Longer-term, this is a good thing for the Western Hemisphere. It’s a good thing for the ...