Scotiabank Investor Day Summary

CANADIAN HOUSEHOLD CREDIT GROWTH MODERATING Public policy changes are having their intended effects • Total household credit growing 4.7% in nominal terms year-to-date, vs 2008 peak of 12% y/y • Consumer loans excluding mortgages (cards, HELOCs, unsecured lines, auto loans, etc.) are growing 4.7% year-to-date, vs 11% in late-2007 Mortgage credit growing 4.7% year-to-date, vs 2008 peak of 13% HOUSEHOLD CREDIT GROWTH CONSUMER LOAN GROWTH RESIDENTIAL MORTGAGE GROWTH 20 20 20 %, 3-month moving average %, 3-month moving average %, 3-month moving average 18 18 16 15 y/y % y/y % change 16 14 change 14 m/m% 12 change, 10 y/y % change 12 SA 10 10 8 5 8 6 90 6 st 4 2 0 m/m % change, SA 4 2 0 -5 0 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 Sources: Scotiabank Economics, Bank of Canada. 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 Sources: Scotiabank Economics, Bank of Canada. m/m% change, SA 90 92 94 96 98 00 02 04 06 08 10 12 14 16 18 Sources: Scotiabank Economics, Bank of Canada. Scotiabank® | 50

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