Q3 2019 Fixed Income Investor Presentation
Canadian Economy Selected Indicators
(%)
00
Unemployment Rate
10
9
8
7
6
5
4
3
-Canada (official rate)
US
Canada (comparable)
2
1
0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Source: Statistics Canada; U.S. Bureau of Labor Statistics, March 2019
GDP Indexed to 2007
.
• Canada's unemployment rate less volatile in
the past decade, and not directly comparable
to the United States unemployment rate¹
• As measured by GDP indexed to 2007, the
Canadian economy has outperformed other
major economies since the financial crisis of
2008
.
Canadian savings rate consistently positive in
the past decade
Household Net Savings Ratio
8
20
125
20
-Canada
120
15
France
Germany
115
Italy
10
10
110
-Japan
-United Kingdom
୫
5
105
-United States
0
100
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2001 2003
2005 2007 2009 2011
2013
2015 2017
2019
-5
95
-Australia
-10
-Germany
Canada
Norway
Denmark
Finland
Sweden
-United States
90
Source: IMF, World Economic Outlook Database, April 2019
Source: OECD, Economic Outlook No 105, May 2019
1 Certain groups of people in Canada are counted as unemployed, but are deemed to not participate in the labour force in the U.S. - e.g. job seekers who only looked at job ads, or individuals not able
to work due to for family responsibilities.
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CIBC Q3 2019 Fixed Income Investor PresentationView entire presentation