Investor Presentation Q4 2005
Scotiabank
Investor Presentation
Fourth Quarter, 2005
November 29, 2005
1
Scotiabank
This document includes forward-looking statements which are made pursuant to the "safe harbour" provisions of the United States
Private Securities Litigation Reform Act of 1995. These statements include comments with respect to the Bank's objectives, strategies
to achieve those objectives, expected financial results (including those in the area of risk management), and the outlook for the
Bank's businesses and for the Canadian, United States and global economies. Forward-looking statements are typically identified by
words or phrases such as "believe", "expect", "anticipate", "intent", "estimate", "plan", "may increase", "may fluctuate", and similar
expressions of future or conditional verbs such as "will", "should", "would" and "could".
By their very nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties, both general and
specific, and the risk that predictions and other forward-looking statements will not prove to be accurate. The Bank cautions readers
not to place undue reliance on these statements, as a number of important factors could cause actual results to differ materially from
the estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, the
economic and financial conditions in Canada and globally; fluctuations in interest rates and currency values; liquidity; the effect of
changes in monetary policy; legislative and regulatory developments in Canada and elsewhere; the accuracy and completeness of
information the Bank receives on customers and counterparties; the timely development and introduction of new products and
services in receptive markets; the Bank's ability to expand existing distribution channels and to develop and realize revenues from
new distribution channels; the Bank's ability to complete and integrate acquisitions and its other growth strategies; changes in
accounting policies and methods the Bank uses to report its financial condition and the results of its
operations,
tions, including
uncertainties associated with critical accounting assumptions and estimates; the effect of applying future accounting changes; global
parties to
on third
provide
components of the
Bank's business infrastructure; unexpected changes in consumer spending and saving habits; technological developments;
consolidation in the Canadian financial services sector; changes in tax laws; competition, both from new entrants and established
consonation
competitors; judicial and regulatory proceedings; acts of God, such as earthquakes; the possible impact of international conflicts and
other developments including terrorist acts and war on terrorism; the effects of disease or illness on local, national or international
economies; disruptions to public infrastructure, including tratation communication, power and water; and the Bank's
anticipation of and success in managing the risks implied by the
A substantial amount of the Bank's business involves
capital markets activity; the
the Bank's s ability to attract and retain key executives; reliance
ance on
of the
making loans or otherwise committing resources to specific companies, industries or countries. Unforeseen events affecting such
borrowers, industries or countries could have a material adverse effect on the Bank's financial results, businesses, financial condition
or liquidity. These and other factors may cause the Bank's actual performance to differ materially from that contemplated by forward-
looking statements. For more information see the discussion starting on page 54 in the Management's Discussion & Analysis section
of the Bank's 2004 Annual Report.
The Bank cautions that the foregoing list of important factors is not exhaustive. When relying on forward-looking statements to make
decisions with respect to the Bank and its securities, investors and others should carefully consider the foregoing factors, other
uncertainties and potential events. The Bank does not undertake to update any forward-looking statements, whether written or oral,
that may be made from time to time by or on behalf of the Bank.
Additional information relating to the Bank, including the Bank's Annual Information Form, can be located on the SEDAR website at
www.sedar.com, and on the EDGAR section of the SEC's website at www.sec.gov.
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