Financial Review Q2/10

Economic Outlook in Key Markets Real GDP (Annual % Change) 2010F 2009 2008 2000-07 Avg. Mexico 4.8 (6.5) 1.3 2.9 Peru 6.6 0.9 9.8 5.1 Chile 4.2 (1.5) 3.7 4.4 Jamaica (0.5) (2.8) (0.9) 1.5 Trinidad & Tobago 2.0 (3.0) 2.3 8.2 Costa Rica 3.0 (1.3) 2.9 4.7 Dominican Republic 3.5 3.0 5.3 5.4 Thailand 4.5 (2.3) 2.9 4.9 2010E 2009F 2008 2000-07 Avg. Canada 3.6 (2.5) 0.4 2.9 U.S. 3.4 (2.4) 0.4 2.6 Source: Scotia Economics, as of June 1st Scotiabank 35 Unrealized Securities Gains ($ millions) Q2/10 Q1/10 Emerging Market Debt Other Debt Equities 375 383 255 672 233 190 863 1,245 Net Fair Value of Derivative Instruments (67) (217) and Other Hedge Amounts Total 796 1,028 Scotiabank 36

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