Q1 2020 Fixed Income Investor Presentation
Canadian Economic Trends Compare Favourably to Peer G7
Members
Strong Economic Fundamentals
Long Term GDP Growth Rate (2000-2018)
2.5%
.
Lowest total government net debt-to-GDP ratio
among G7 in 2018
2.0%
2.0% 1.9%
1.6%
.
Only G7 nation to balance its budget for 11
consecutive years (1998-2008), and one of the
1.5%
1.3%
1.2%
1.0%
0.9%
first to balance its annual budget post credit crisis
0.5%
•
Canada has the highest long term GDP growth rate
(CAGR) between 2000 and 2018 among the G7
0.0%
Canada U.S.
Source: IMF, World Economic Outlook Database, October 2019
U.K. Germany France Japan
20
20
Canadian Federal Budget (Fiscal Year)1
Election
Oct '15
Projections
10
10
0
-10
-20
-30
-40
-50
-60
2002-2003
2004-2005
2006-2007
2008-2009
2010-2011
2012-2013
2014-2015
0.2%
Italy
G7 Total Government Net Debt-to-GDP Ratios (2018²)
2.00%
150
1.00%
125
- 0.00%
100
-1.00%
-2.00%
% of
GDP
18
75
50
-3.00%
25
Amount
% of GDP
-4.00%
0
2016-2017
2018-2019
2020-2021
2022-2023
Canada Germany United United France Italy Japan
Kingdom States
Source: Statistics Canada, Department of Finance
1 The Fiscal Year runs from April to March. For example, the 2018 Fiscal Year period is from April 1, 2019 to March 31, 2020.
Source: IMF, World Economic Outlook Database, October 2019
CIBC
2. Canada's total government net debt-to-GDP ratio, which includes the net debt of the federal, provincial/territorial and local governments, as well as net assets held in the CPP and QPP.
CIBC Q1 2020 Fixed Income Investor PresentationView entire presentation