Scotiabank Investor Day Summary

CANADIAN ECONOMY AND FINANCIAL SYSTEM Stable economy with sound financial system . • • CANADIAN ECONOMY The 10th largest economy in the world, with an outward orientation Economy diversified, with particular strength in service, primary, manufacturing, construction, and utility sectors Proactive governments and central bank that has begun unwinding exceptionally accommodative monetary policy • Manageable government deficits and debt burdens • Strong growth outlook, with firm commodity prices, resilient consumer activity, and solid U.S. demand for Canadian goods and services STRONG FINANCIAL SYSTEM Effective regulatory framework ○ Principles-based regime Single regulator for major banks Conservative capital requirements o Proactive policies and programs Risk-management practices O Prudent lending standards 。 Few sub-prime mortgages Relatively little securitization Primarily originate-to-hold model Canadian banks well-capitalized and profitable Scotiabank® 58

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