03:26 PM EDT, 04/09/2024 (MT Newswires) -- Bank of Nova Scotia (BNS) Chief Executive Scott Thomson said Tuesday that upcoming elections in Mexico, the US, and Canada introduced a "level of political uncertainty" that made long-term decisions difficult in the region.

"But difficult does not mean impossible," Thomson said at the bank's annual meeting Tuesday.

During the meeting, the CEO highlighted a four-pronged strategy to navigate uncertainty, including an increased focus on North America where the bank has "not always taken full advantage of .. opportunities to build an even more productive and integrated economy that benefits all citizens across the region."

The bank is reportedly exposed to North America's booming $1.6 trillion trade and is making attempts to stand out from its competitors through strategies including those to provide end-to-end trade finance to clients in Canada, the U.S. and Mexico.

The bank will also focus on client relationships and business modernizations.

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