Tuesday, July 15th 2007
                           11:45 a.m. - 2:00 p.m.

      Official Launch for the Scotiabank Caribana Festival at City Hall
           Minister of Tourism, Mayor of Toronto and FMC to speak
              Susan G, Calypsonians, Mas costumes and Steel Pan

    TORONTO, July 11 /CNW/ -

    What:     Scotiabank Caribana(TM) begins. The launch will highlight the
              events that will entertain and energize Toronto over the next
              four weeks. Speeches, musical performances, dance troupes, Mas
              costumes and a special performance by CRAZY will celebrate the
              launch of Scotiabank Caribana(TM).

    Why:      Scotiabank Caribana(TM) is celebrating its 41st year and is one
              of Canada's oldest and most spectacular traditions, enriching
              the city and contributing annually to Toronto's economy.

    Who:      Honourable Peter Fonseca, Minister of Tourism, Government of
              Ontario;
              Honourable David Miller; Mayor of Toronto
              Mr. Joe Mihevc, Councillor Ward 21;
              Mr. Chris Hodgson, Scotiabank Executive Vice-President,
              Domestic Personal Banking;
              Mr. Joe Halstead, Chairman, Festival Management Committee;
              Christine Birak and Garvia Bailey, CBC.

    When:     Opening ceremonies scheduled to begin at 12:00 p.m. sharp.
              Entertainment and festivities will continue until 2:00 p.m.,
              rain or shine.

    Where:    Nathan Phillips Square, Toronto City Hall
              100 Queen Street West, Toronto.