Scotiabank Strategy & Financial Objectives
14
%
12
Stable Economic Fundamentals
Canada
Modest economic growth alongside persistent
weakness in commodity prices and sluggish exports
abroad
Household spending remains reasonably buoyant,
underpinned by relatively low and stable
unemployment as well as low borrowing costs
Population and labour force growth supported by
strong immigration
Stable inflation within Bank of Canada target band
6
y/y % change
5
4
3
2
1
0
-1
-2
00
02
04
90
06
Inflation
08
80
Bank of
Canada
Target
Inflation
Band
Canada
10 12
Source: Statistics Canada, BLS, Scotiabank Economics. Data through July 2016.
U.S.
14
16
35
4
2
0
10
Unemployment Rate
Canada
8
6
90 92 94 96 98 00 02 04 06 08 10 12
Source: Statistics Canada, BLS, Scotiabank Economics. Data through July 2016.
Labour Force Participation Rate
2 2 3 3 2222
61
60
90
62
65
64
63
70
%
69
68
67
66
92
92 94 96
98
00
00
02
42
.
04
06
90
80
08
Source: Statistics Canada, BLS, Scotiabank Economics. Data through July 2016.
U.S.
U.S.
14
16
Canada
10
12
14
16View entire presentation