Province Of Nova Scotia 18-K/A Annual report (foreign governments) (amended)

Exhibit 99.2

Recent Developments

     The following table sets forth the most recently available information with respect to certain economic indicators for Nova Scotia and Canada.

RECENT DEVELOPMENTS

			Percentage Change
	Period		Nova Scotia			Canada
Retail Trade (1)	Jan. Mar - 2010/ Jan. Mar - 2009			9.3	%		7.5	%
Housing Starts (all areas) (2)		2009 / 2008		-13.7	%		-29.4	%
Unemployment Rate (3)	April 2010			8.6	%		8.1	%
Consumer Price Index	Jan. - Apr. 2010/ Jan. - Apr. 2009			2.7	%		1.7	%

(1)	Seasonally adjusted.
(2)	These figures represent residential housing starts in both urban and rural areas.
(3)	These figures reflect the seasonally adjusted rate of unemployment.

Sources: Statistics Canada, Catalogue No. 71-001 PPB and CANSIM Tables 080-0020, 027-0007 and 326-0020.

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