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BNS profits down

The Bank of Nova Scotia (BNS) has released data showing its profits fell for the first time in 13 years.

Profits at BNS fell 8% in its financial year which ended October 31, 2010.

Profits fell as a result of declines in income and increased expenses.

It is down from the $11.6 billion it was at the end of the previous year.

Profits fell as a result of declines in income and increased expenses.



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