TORONTO, ON - January 15, 2014 /CNW/ - Scotiabank today indicated its support of the Canadian Government's International Education Strategy aimed at attracting students from around the world to Canada in order to strengthen the country's engagement with emerging markets.

"The success of Canadian companies abroad demonstrates that the world wants to do business with Canada and we must use our strengths to our advantage," said Brian Porter, President and CEO of Scotiabank. "There is a great opportunity for the public and private sectors to work together to create the right environment for Canadian companies to succeed in emerging markets and our exceptional postsecondary education system is an asset and key participant in that effort."

The government's plan will expand the sharing of Canadian expertise and education services abroad, promote partnerships between Canadian and international education institutions and help create connections between students in Canada and abroad that will help deepen Canada's commercial footprint in key markets.

Scotiabank was represented at today's event by Deputy Chairman Rick Waugh, who spoke about the importance of programs like this one that strengthen international linkages and the long-term benefits to Canada.

"I have seen personally in my travels around the world how Canada's education system adds significantly to Canada's strong brand internationally," added Mr. Waugh. "This can be leveraged for our own economic gain in attracting top talent from around the world, producing quality graduates and promoting jobs and growth for Canada."

Scotiabank has been a long-time supporter of international students providing donations and scholarships to universities across the Canada. Through the StartRight program the Bank also helps international students set up a bank account or apply for a credit card prior to landing in Canada to make sure they are ready to hit the ground running with their education.

About Scotiabank

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 $744 billion (as at October 31, 2013), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using CNW. For more information please visit www.scotiabank.com.

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Paula Cufre
Scotiabank Media Communications
416-866-4833
paula.cufre@scotiabank.com