Scotiabank Investor Day Summary

% OF GDP CANADIAN ECONOMY Diverse economy with a strong balance sheet 19.8% Finance, Insurance, & Real Estate 14.4% Other 4.5% Transportation & Warehousing 5.6% Professional, Scientific, & Technical Services 6.1% CANADIAN GDP BY INDUSTRY (MAY 2018) Public Administration -11.8% Health & Education -11.4% Wholesale & Retail Trade -10.3% Manufacturing -8.9% Mining and Oil & Gas Extraction -7.1% Construction GENERAL GOVERNMENT NET FINANCIAL LIABILITIES ANNUAL % CHANGE REAL GDP GROWTH 2 3 0 US 2000-2016 Eurozone Canada 2018f-2019f UK Japan Sources: Scotiabank Economics, Haver Analytics, Statistics Canada. Forecasts as of August 2, 2018. GOVERNMENT FINANCIAL DEFICITS 2 1 1.1 128.8 129.6 % OF GDP O (0.7) (1.0) + 2 (1.9) (2.3) (2.6) 90.8 79.8 80.1 -3 68.2 (4.2) 37.3 -4 (4.6) 28.6 -5 Canada Germany OECD France US UK Japan Italy Germany OECD* Canada Italy UK France Japan US Sources: Scotiabank Economics, OECD (2017 estimates). As of August 15, 2018. *Arithmetic mean of all OECD Financial Deficits as a % of GDP. Sources: Scotiabank Economics, IMF (2017 estimates). As of August 15, 2018. Scotiabank 59

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