Ms. Madison Rodness reports

SCOTIABANK DECREASES PRIME LENDING RATE

Bank of Nova Scotia is decreasing its Canadian-dollar prime lending rate to 4.45 per cent from 4.70 per cent, effective Oct. 30, 2025.

About Bank of Nova Scotia

Scotiabank's vision is to be its clients' most trusted financial partner and deliver sustainable, profitable growth. Guided by its purpose: "for every future," it helps its clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4-trillion (as at July 31, 2025), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange and New York Stock Exchange.