Scotiabank Strategic Priorities and Track Record
Canadian Economy and Financial System
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Canadian Economy
The 10th largest economy in the world, with
a strong export orientation
Economy diversified, with particular
strength in service, primary, manufacturing,
construction, and utility sectors
Proactive governments and central bank
Manageable government deficits and debt
burdens
Improving growth outlook, with firmer
commodity prices, resilient consumer
activity, and strengthening U.S. demand for
Canadian goods and services
Strong Financial System
Effective regulatory framework
Principles-based regime
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Single regulator for major banks
Conservative capital requirements
Proactive policies and programs
Risk-management practices
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Conservative lending standards
Few sub-prime mortgages
Relatively little securitization
Primarily originate-to-hold model
Canadian banks well-capitalized and
profitable
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