Scotiabank Investor Presentation
Canadian Economy
Diverse sources of growth with a strong balance sheet
20.3%
Finance, Insurance,
& Real Estate
15.0%
Other
3.9%
Transportation
& Warehousing
6.6%
Professional,
Scientific,
& Technical
Services
6.9%
CANADIAN GDP
BY INDUSTRY
(Aug.2022)
Public Administration
12.5%
Real GDP Growth
Health & Education
7.3%
10.4%
Wholesale &
Retail Trade
9.3%
Manufacturing
7.8%
Mining and Oil
& Gas Extraction
Construction
GDP 2022F:
3.2%
GDP 2023F:
0.6%
GDP 2024F:
1.4%
ANNUAL % CHANGE
3
N
U.S.
2010-2019
Canada
Eurozone
2022F-2024F Avg.
Sources: Scotiabank Economics, Haver Analytics, Statistics Canada.
Forecasts as of Oct 17, 2022.
General Government Net Debt
% OF GDP
Government Financial Deficits
0
U.K.
Japan
2021 2022F
-4
-6
(5.0)
(2.2)
(3.7)
(3.3)
(7.2)
(3.6)
(10.9)
(4.0)
(8.0)
(4.3)
(6.4)
(5.1)
(7.2)
(5.4)
(6.7)
168 173
138 135
-8
100 95
101 100
84
86 83
75
-10
% OF GDP
47 48
2021 2022F
32 31
-12
CA
GE
Adv.
U.S.
U.K.
FR IT
JN
CA
GE
U.K. Adv. Econ.
U.S.
FR IT JN
Econ.
Sources: IMF Oct 2022 Fiscal Monitor. Calendar years shown.
Scotiabank Economics, IMF Oct 2022 Fiscal Monitor, CBO. Calendar years shown.
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