Canadian Housing Market: Engineering a Soft Landing

Global Banking and Markets Second-largest Canadian wholesale banking and capital markets business ⚫ Full-service wholesale bank in Canada, the United States and Latin America. Offers a range of products and services in select markets in Europe, Asia and Australia. Canada Asia 5% 45% Global Equities Europe 8% 17% GEOGRAPHIC REVENUE1 US 41% $1.1B Business Banking REVENUE BY BUSINESS LINE1 FICC 28% $1.1B Equities 32% Other 55% 20% TRADING RELATED REVENUE (TEB)1,2 $549MM 9% Commodities Foreign Exchange 27% 12% Interest Rate & Credit STRATEGIC OUTLOOK Up-tiering lending relationships, expanding Investment Banking capabilities in key markets, and increasing investment in the Pacific Alliance to become a leader in local and cross-border banking and capital markets • Continued strong growth in deposits, improved corporate lending and investment banking results to absorb required regulatory and technology investments 1 For the 3 months ended July 31, 2019; 2 All-Bank trading-related revenue Scotiabank® 29 29

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