Mr. Joe Konecny reports

SCOTIA ITRADE DROPS ONLINE TRADING COMMISSION FOR ACTIVE INVESTORS TO BANKING INDUSTRY LOW

Bank of Nova Scotia's Scotia iTRADE has cut its commission to $4.99 from $6.99 per trade for highly active investors.

"Scotia iTRADE recognizes that highly active investors value platform reliability and speed of execution, as well as up-to-the-minute market news and research," said Bob Grant, managing director and head, global on-line brokerage, Scotia iTRADE, "but more importantly, we have not lost sight of the fact that price is a key consideration. We are proud to continue offering a superb direct investing experience for investors.

"Not only are we the first bank-owned on-line brokerage to offer Canadian direct investors commission-style pricing for fixed income -- at $1 per bond -- but we are also the leader in offering commission-free exchange traded funds, plus a trading app for iPad users," added Mr. Grant. "Delivering exceptional value, easy-to-use investing and trading solutions with excellent customer service is at the heart of how we do business."