Scotiabank Financial Overview Q3/21

COVID-19 Response in Core Markets United Canada Mexico Peru Chile Colombia Policy Action Policy Rate Cuts¹ States 150 bps 150 bps 300 bps¹ 200 bps¹ 125 bps¹ 250 bps (March 1, 2020 - June 1, 2021) Current Policy Rate 0.25% 0.25% 4.50% 0.50% 0.75% 1.75% 2021 Nominal Neutral Rate² 2.00% 2.00% 6.00% 3.50% 3.50% 4.85% Fiscal & Financial Measures 17.5% 22.3% 0.7% 20.0%³ 34.6%³ 2.8% (% of GDP) Liquidity program Wage and payroll Selected support programs Key Measures Payment deferral programs Small business and sectoral programs Vaccine Coverage4 825% 443% 144% 204% 253% 67% (% of possible population covered) Vaccine Deployment5 135.10 105.61 57.22 46.01 137.50 60.22 (Vaccine doses administered per 100 people) COVID-19 Incidence Rate5 (Cumulative confirmed cases per 100k people) 3,850 10,934 2,343 6,456 8,503 9,536 Sources: Scotiabank Economics, Duke University, Johns Hopkins University, Our World in Data and national reports as of August 12, 2021, unless otherwise indicated. 1 As of August 12, 2021, in Mexico, Chile and Peru, respectively, 50 bps, 25 bps and 25 bps of these cuts had been rolled back. Further rate increases are expected across the PACs during the remainder of 2021. 2 Canada, US, Colombia: Scotiabank Economics estimates; Mexico, Peru, Chile: central bank estimates. 3 Includes pension withdrawals and deposit relief. 4 Internationally comparable Duke University data adjusted for national reports; excludes doses via COVAX. Colombia includes public and private donations. 5 As of August 11, 2021. Source: Our World in Data. 58

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