Why Invest in Scotiabank?

Canadian Economy Diverse sources of growth with a strong balance sheet 21.1% Finance, Insurance, & Real Estate 14.2% Other 3.6% Transportation & Warehousing 6.3% Professional, Scientific, & Technical Services 6.9% CANADIAN GDP BY INDUSTRY (Feb. 2021) Public Administration GDP Growth 2021F: 6.4% -12.6% Real GDP Growth Health & Education 10.7% Wholesale & Retail Trade 7.4% 9.6% Manufacturing 7.6% Mining and Oil & Gas Extraction Construction GDP Growth 2022F: 4.1% 3 N ANNUAL % CHANGE C U.S. ILLL Canada Eurozone 2020e-2022f U.K. Japan 2010-2019 Sources: Scotiabank Economics, Haver Analytics, Statistics Canada. Forecasts as of Apr 22, 2021. General Government Net Debt in 2020 % OF GDP 91 50 33 Government Financial Deficits in 2020 0 (4.2) -5 (9.5) (9.9) -10 (11.7) (12.6) (13.4) 169 (15.8) 142 (16.1) -15 546 103 104 94 |-20 24 % OF GDP -25 GE IT FR France Italy Japan Adv. Econ. JN U.K. U.S. CA* Canada Germany OECD U.K. U.S. Sources: Scotiabank Economics, IMF Fiscal Monitor (April 2021). * Canadian federal deficit reflects Scotiabank Economics' forecast as of Apr 22, 2021. Sources: Scotiabank Economics, IMF Fiscal Monitor (April 2021 estimates), CBO. 58

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