Scotia Capital named Canada's best foreign exchange bank

TORONTO, May 9, 2001 – Scotia Capital is the only Canadian bank to make Euromoney's top 15 list of foreign exchange banks from around the world. In Euromoney's Global Foreign Exchange Poll 2001, Scotia Capital is ranked Canada's foremost foreign exchange bank in terms of overall market share, moving up 13 spots from last year's poll.

"We are delighted with the results of this poll," says Barry Wainstein, Managing Director and Global Head, Foreign Exchange and Money Markets, Scotia Capital. "At Scotia Capital, our unrelenting focus on client requirements and our commitment to deliver the most comprehensive transaction expertise, up-to-the-minute currency research and out-of-the-box ideas have received the recognition of international financial professionals."

The Euromoney annual poll ranks foreign exchange firms from around the world in a number of different categories. The results are published in the May 2001 edition of Euromoney.

By adopting new and innovative e-commerce solutions and platforms, Scotia Capital has become a leader in the foreign exchange market. In addition to ScotiaFX – Scotia Capital's online foreign exchange trading system – Scotia Capital has joined a number of strategic partnerships to offer clients flexibility and convenience when initiating foreign exchange transactions online, including: FXall, Bloomberg, Atriax and Currenex.

Scotia Capital is a leader in the corporate and investment banking industry, with a presence in both major and regional financial centres around the world. Scotia Capital is a member of the Scotiabank Group. For more information visit www.scotiafx.com, or www.scotiabank.com.

For further information:

Jane Shannon
Scotiabank Public Affairs
(416) 933-1795
jane_shannon@scotiacaptial.com