Investor Presentaiton
Stable Economic Fundamentals
Low unemployment rate reflects solid growth in Canadian economy
UNEMPLOYMENT RATE
14
12
10
8
6
4
2
0
Canada -
official
U.S.
Canada
comparable
to U.S.
90 92 94 96 98 00 02 04 06 08 10 12 15 17 19
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through April 2019.
•
.
Solid economic growth and a gradual
rebound in non-energy exports
Household spending remains buoyant,
underpinned by relatively low and stable
unemployment, as well as low borrowing
costs
Population and labour force growth
supported by increasing immigration
Moderate inflation within Bank of Canada
target band
HEADLINE INFLATION
6
Canada
Bank of Canada
Target Inflation Band
м
U.S.
-2
00 02
04
06
08
10 12
14
16 18
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through March 2019 (Canada)
and April 2019 (US).
(%)
LABOUR FORCE PARTICIPATION RATE
70
68
66
60
62
2 2 2 2
64
Canada
U.S.
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through April 2019.
Scotiabank®
40
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