Embracing Fintech

Public Debt Ratios in G7 Markets 300 % of GDP 250 200 150 100 50 G7 General Government Gross Debt 0 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Canada (AAA) -Italy (BBB) U.S. (AA+) France (AA) Japan (A+) Sources: Scotiabank Economics, IMF, Standard & Poor's. G7 General Government Net Debt 200 % of GDP 150 100 50 50 - Germany (AAA) - UK (AA) 05 06 07 08 09 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Canada (AAA) Italy (BBB) U.S. (AA+) France (AA) Japan (A+) Germany (AAA) UK (AA) Sources: Scotiabank Economics, IMF, Standard & Poor's. 60

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