TORONTO, ON -- (Marketwired) -- 04/15/14

Scotia iTRADE today 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 Online 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 online 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 (ETFs), 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."

Scotia iTRADE is Scotiabank's online brokerage service. At Scotia iTRADE, direct investors can choose from a range of trading platforms and benefit from low commissions, a variety of online tools and resources, as well as investor education customized by skill level. For more information please visit www.scotiaitrade.com.

iPad is a trademark of Apple Inc., registered in the U.S. and other countries.

Scotia iTRADE (Order-Execution Only Accounts) is a division of Scotia Capital Inc. ("SCI"). SCI is a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. Scotia iTRADE does not provide investment advice or recommendations and investors are responsible for their own investment decisions.

Scotiabank is a leading financial services provider in over 55 countries and Canada's most international bank. Through our team of more than 83,000 employees, Scotiabank and its affiliates offer a broad range of products and services, including personal and commercial banking, wealth management, corporate and investment banking to over 21 million customers. With assets of $783 billion (as at January 31, 2014), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information please visit www.scotiabank.com.

For more information please contact:
Joe Konecny
(416) 933-1795 
joe.konecny@scotiabank.com