Preview of Life Insurance Cos Q3 2009 Earnings

Scotia Capital, 19 October 2009Canadian Lifecos � Another Noisy Quarter � Economic Backdrop Improving � Valuations Remain Very Attractive� Another quarter with a lot of moving parts. As was the case in Q2/09, we expect the continued rebound in equity markets in Q3/09 will be offset to some extent by reserve increases, primarily related to declining long-term corporate rates, but also due to