Investor Presentaiton

Q4 2015 Trading Results and One-Day Total VaR (# days) 14 12 10 8 6 4 2 -6 · HI -5 -4 -2 -1 0 1 2 3 4 5 6 7 8 9 10 11 12 16 5 trading loss days in Q4/15 35 35 17 23 26 ($ millions) Scotiabank®

View entire presentation