Leading Bank in the Americas Presentation

Canadian Consumer Indebtedness Consumer balance sheets have improved faster than the growth rate in debt to disposable income Household Net Worth vs Debt Default Rates Remain Low 1.4 1000 % 0.5 % 1.3 900 % of 4Q-moving-sum disposable Income 1.2 800 Percent of mortgage arrears, RHS 0.4 1.1 700 1.0 600 500 Household net worth as 0.9 0.3 % of disposable income 400 0.8 300 Household debt to disposable income 0.7 Credit card delinquency rate 0.2 200 0.6 (90+ days), LHS 100 0.5 0 0.4 90 90 94 98 02 22 06 10 14 18 04 14 06 80 0.1 08 10 12 14 16 18 Sources: Statistics Canada, CBA, Scotiabank Economics.. 15 75

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