Investor Presentation

Higher Growth Markets Canada / U.S. 2014 Real GDP Growth Forecast Scotiabank's Key International Markets 2.7% 2.8% 2.2% 2.0% 2.0% 5.0% 4.5% Canada U.S. Thailand Mexico Chile Peru Colombia No Significant Exposure to the BRICS Source: Scotia Economics, as of July 31, 2014.

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