BRIEF-Scotiabank says "can't wait forever" on Guangzhou acquisition

TORONTO Tue Jan 8, 2013 10:50am EST

TORONTO Jan 8 (Reuters) - 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 buy the

whole thing * Scotiabank CEO says bank "can't wait forever" for bank of Guangzhou

acquisition to close, says will have to refresh due diligence on transaction * Scotiabank CEO Waugh says his departure is not imminent, but says he's "on

the downward slope"