Scotiabank Gives Canadian Entrepreneurs a Running Start

    TORONTO, May 7 /CNW/ - Scotiabank today announced the launch of the
Scotia Running Start for business(TM) package, a new banking solution to help
entrepreneurs establish new small businesses.
    "At Scotiabank, we understand the importance of small business to Canada.
This new package is part of our integrated approach to helping customers start
their own business," said Kyle McNamara, Customer Segments & Small Business,
Scotiabank. "We believe a great business product combined with ongoing advice,
information and services, will help small business owners improve their bottom
line."

    The features of the Scotia Running Start for business(TM) package
include:-  Waived fees on key business products to support start ups;
    -  Special offers on personal products;
    -  A complimentary copy of Intuit QuickBooks EasyStart accounting
       software; and
    -  A discount offer for creating business marketing materials (i.e.
       logos, business cards)."Scotiabank's 1,500 small business experts work with customers providing
straightforward advice and tools to improve cash flow, manage borrowing costs,
minimize business costs and find simple ways to grow their business," added
Mr. McNamara. "Our new Running Start for business(TM) program will help new
businesses get established and will support their long term success."
    Entrepreneurs can get more information about Scotiabank's suite of
strategies and solutions for small business by speaking with one of the Bank's
small business specialist, visiting www.scotiabank.com, or by calling
1-877-552-5522.

    Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With over 57,000 employees, Scotiabank Group
and its affiliates serve approximately 12 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 $396 billion in assets (as at January 31, 2007), Scotiabank trades on the
Toronto (BNS) and New York Exchanges (BNS). For more information please visit
www.scotiabank.com.



For further information:
For further information: Patty Stathokostas, Scotiabank Public Affairs,
(416) 866-3625, patty_stathokostas@scotiacapital.com