Date Closed

February 14, 2007

Lead Office

Toronto

On February 14, 2007, The Bank of Nova Scotia completed the acquisition of Travelers Leasing Corporation, a leading Canadian automobile financing company, for an undisclosed amount. Travelers Leasing Corporation, a privately-held corporation based in British Columbia with offices across Canada, currently has $255 million in loans under administration.

The acquistion demonstrates the Bank of Nova Scotia's commitment to drive revenue growth with a view to providing a wide range of dealer financing products and high quality service for their dealership clients.

McCarthy Tétrault advised Scotia with a team that was led by Joan Beck.