Canadian and International Banking Performance Overview
Scotia Capital: Strong Trading Revenues
910
Revenues (TEB)
($ millions)
724
697
443
385
387
467
310
339
Q4/09
Q3/10
Q4/10
Year-over-Year
■ Global Capital Markets
- Lower fixed income and institutional equity
revenues
+ Precious metals revenues
■ Global Corporate & Investment Banking
Significantly lower loan volumes
Quarter-over-Quarter
■ Global Capital Markets
- Lower institutional equity revenues
+ Higher energy revenues
■ Global Corporate & Investment Banking
+ Higher M&A revenue
-
Loan volume declines in all geographies
Global Capital Markets
Global Corporate & Investment Banking
Scotiabank
Economic Outlook in Key Markets
Real GDP (Annual % Change)
2000-08 Avg.
2009
2010F
2011F
Mexico
2.8
(6.5)
4.8
3.5
Peru
5.6
0.9
7.0
5.4
Chile
4.3
(1.5)
4.8
5.8
Jamaica
1.4
(3.0)
(0.5)
1.5
Trinidad & Tobago
7.5
(3.5)
2.0
2.5
Costa Rica
4.5
(1.3)
3.5
3.0
Dominican Republic
5.4
3.5
4.5
4.0
Thailand
4.6
(2.3)
6.5
4.5
2000-08 Avg.
2009
2010F
2011F
Canada
2.6
(2.5)
3.0
2.3
U.S.
2.3
(2.6)
2.7
2.1
Source: Scotia Economics, as of November 4, 2010
Scotiabank
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