Strong Quarter Financial Performance
Scotia Capital: Lower Trading Revenues
1,104
614
Revenues (TEB)
($ millions)
858
697
500
387
490
358
310
Q3/09
Q2/10
Q3/10
Global Capital Markets
Global Corporate & Investment Banking
Scotiabank
Year-over-Year
■ Global Capital Markets
- Lower derivatives, fixed income & institutional
equity revenues compared to prior year's record
revenues
+ Precious metals revenues
■ Global Corporate & Investment Banking
- Significantly lower loan volumes, modestly lower
spreads and lower loan origination fees
Quarter-over-Quarter
■ Global Capital Markets
- Lower derivatives, fixed income & institutional
equity revenues
+ Precious metals revenues
■ Global Corporate & Investment Banking
- Lower loan volumes and loan origination fees
- Lower MTM gains
33
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)
4.2
5.8
Jamaica
1.4
(3.0)
(0.5)
1.5
Trinidad & Tobago
7.5
(3.2)
2.0
2.5
Costa Rica
4.5
(1.3)
3.5
3.0
Dominican Republic
5.4
3.0
4.5
4.0
Thailand
4.6
(2.3)
5.5
4.0
2000-08 Avg.
2009
2010F
2011F
Canada
2.6
(2.5)
3.3
2.6
U.S.
2.3
(2.6)
3.0
2.5
Source: Scotia Economics, as of August 30, 2010
Scotiabank
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