Scotiabank Q4 2008 Earnings

RBC Capital Markets, 3 December 2008Core cash EPS of $0.94 were in line with our estimate of $0.93 and the $0.94 reported in Q4/07.� GAAP EPS of $0.28 were negatively impacted by write downs relating to certain trading activities and valuation adjustments which had largely been pre-released.� Provisions for credit losses of $207 million were 118% ahead of Q4/07, and 25-30% ahead of our