International Banking - Annual Overview
STABLE ECONOMIC FUNDAMENTALS IN CANADA
Low unemployment rate supporting growth in Canadian Economy
UNEMPLOYMENT RATE
14
12
10
6
864
2
0
Canada
US
90 92 94 96 98 00 02 04 06 08 10 12 14 16
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through October 2017.
INFLATION
6
.
Strengthening 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 strong immigration
Stable inflation within Bank of Canada
target band
LABOUR FORCE PARTICIPATION RATE
1.
Canada
Bank of Canada
Target Inflation Band
US
-2
00 02
04
06 08 10 12
14
16
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through October 2017.
(%)
70
68
66
64
2069
Canada
US
90 92 94 96 98 00 02 04 06 08 10 12 14 16
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through October 2017.
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