TECHNOLOGY @ RBC
Canada's pre-shock fiscal position strong
Strong rating as a result of fiscal prudence, conservative bank lending practices and a solid economy
■ Lowest net debt-to-GDP ratio (pre-COVID shock) among G7 peers(1)
Net Debt as % of GDP(1)
(2019)
Canadian GDP by Industry(2)
(August 2020)
25.9
41.1
Canada
Germany
U.K.
88.1
89.4
84.0
75.4
123.0
154.9
8%
8%
4%
4%
12%
22%
10%
12%
(1) Net debt refers to General Government net debt. International Monetary Fund April 2020 Fiscal Monitor. (2) Statistics Canada, RBC Economics Research.
47 | ECONOMIC BACKDROP
10%
■Finance, Insurance & Real
Estate
■Manufacturing
■Wholesale and Retail Trade
■Scientific, Technical &
Educational Services
■Public Administration and
Utilities
Mining, Oil & Gas Extractions
■Construction
11%
Health Care
■Transportation, Warehousing
Other
RBCView entire presentation