Scotiabank Track Record
Canadian Economy
Real GDP Growth
3
annual % change
2
1
0
U.S.
Canada
Eurozone
Canadian GDP by Industry
November 2016
Finance, Insurance, & Real Estate
Health & Education
■ 2000-2016
14.7%
■2017f-2018f
20.3%
4.5%
5.4%
12.0%
6.4%
7.0%
11.3%
8.2%
10.3%
U.K.
Japan
Wholesale & Retail Trade
■Manufacturing
■Mining and Oil & Gas Extraction
■Construction
Public Administration
Professional, Scientific, & Technical Services
■Transportation & Warehousing
Other
Sources: Scotiabank Economics, Statistics Canada.
Source: Scotiabank Economics. Forecasts as of January 17, 2017.
General Government Net Financial Liabilities
140
% of GDP
120
100
88
80
90.6
81.2
77.4
72.3
Government Financial Deficits
132.2
132.3
1
0.1
0
-1
-1.4
-2
60
40
40
40.9
33.1
-3
-4
20
-2.5
-2.5
-3.3
-3.3
-4.1
% of GDP
-5
0
Canada Germany OECD France U.K.
U.S.
Japan
Italy
Germany OECD* Italy
Canada
U.K.
France
U.S.
*Arithmetic mean.
Sources: Scotiabank Economics, OECD (2016 estimates). As of February 21, 2017.
Sources: Scotiabank Economics, IMF (2016 estimates). As of February 21, 2017.
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