Digital Progress: Canada

Funding Strategy DIVERSIFIED FUNDING SOURCES • Increase contribution from customer deposits . • . • Manage prudent level of wholesale funding utilization and TLAC² Maintain balance between efficiency, stability of funding and pricing relative to peers Diversify funding by type, currency, program, tenor and source/market Utilize a centralized (head office managed) funding and associated risk management approach FUNDING PROGRAMS 1 Global Registered Covered Bond Program (uninsured Canadian mortgages) Limit CAD 100 billion US Debt & Equity Shelf (senior/subordinated debt, preferred and common shares) Limit USD 50 billion EMTN Shelf Limit USD 30 billion CAD Debt & Equity Shelf (senior/subordinated debt, preferred and common shares) Limit CAD 15 billion START ABS program (indirect auto loans) Limit CAD 15 billion Australian MTN program Limit AUD 8 billion Singapore MTN program Limit USD 12 billion Halifax ABS program (unsecured lines of credit) Limit - CAD 7 billion Principal at Risk (PAR) Note shelf Limit - CAD 15 billion Trillium ABS program (credit cards) Limit - CAD 5 billion USD Bank CP Program Limit USD 35 billion 1 In addition to the programs listed, there are also USD senior private placements and CD programs in the following currencies: Yankee/USD, EUR, GBP, AUD, HKD; 2 This measure has been disclosed in this document in accordance with OSFI Guideline - Public Disclosure Requirements for Domestic Systemically Important Banks on Total Loss Absorbing Capacity (TLAC) Requirements (September 2018) 53

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