Scotia Capital ranks number one in Canadian Corporate Debt Underwriting

    TORONTO, Jan. 23 /CNW/ - Scotia Capital has ranked number one for
Canadian Corporate Debt Underwriting in 2008 according to industry leading
league tables.
    "We are extremely pleased to be ranked number one for 2008 because it
really underscores the commitment Scotia Capital has made and continues to
make in the area of fixed income," said John Tkach, Managing Director and Head
of Canadian Debt Capital Markets, Scotia Capital. "Being able to increase our
market share so significantly is a testament to the confidence that issuers
have in Scotia Capital, particularly in this difficult market."
    Scotia Capital ranked number one in the Bloomberg Underwriter League
Tables for Canadian Corporate Underwriting (Bonus). In 2008, Scotia Capital
underwrote 83 transactions with a total value of almost $10.5 billion and
increased market share to 17.8 per cent from 10.8 per cent.

    A member of the Scotiabank Group, Scotia Capital offers lending,
investment banking and capital markets products to corporate, government and
institutional clients. It provides full-service coverage across the NAFTA
region, as well as a niche focus in select markets globally, through two
divisions: Global Capital Markets and Global Corporate and Investment Banking.
Scotia Capital has 28 offices and more than 300 relationship managers
organized around industry specialties.

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 69,000 employees, the
Scotiabank Group and its affiliates serve approximately 12.5 million customers
in some 50 countries around the world. Scotiabank offers a diverse range of
products and services including personal, commercial, corporate and investment
banking. With $508 billion in assets (as at October 31, 2008), Scotiabank
trades on the Toronto (BNS) and New York Exchanges (BNS). For more information
please visit or

For further information:

For further information: Frank Switzer, Scotiabank Public Affairs, (416)
866-7238, or Paula Cufre, Scotiabank Public
Affairs, (416) 933-1093,

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