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% OF GDP Canadian Economy 20.3% Finance, Insurance, & Real Estate CANADIAN GDP BY INDUSTRY GDP 2022: 3.4% GDP 2023F: 1.7% 2.09T CAD2012, SAAR (May 2023) GDP 2024F: 0.9% 12.7% Health & Education 10.3% Wholesale & Retail Trade ANNUAL % CHANGE 3 2 14.7% Other 4.2% Transportation & Warehousing 6.6% Professional, Scientific, & Technical Services 7.0% Public Administration 7.2% Construction 9.5% Manufacturing 7.4% Mining and Oil & Gas Extraction GENERAL GOVERNMENT NET DEBT 2 F 0 -2 2022 2023F -4 -6 163 161 133129 92 95 94 96 99 99 82 83 -8 -10 14 14 45 47 6% 22 REAL GDP GROWTH 1 H 0 U.S. Canada 2010-2019 Eurozone U.K. Japan 2022-2024F Avg. GOVERNMENT FINANCIAL DEFICITS 3 (0.7) (0.4) (2.6) (3.7) (4.3) (4.4) (5.5) (6.3) (6.3) (5.8) (4.9) (5.3) (8.0) (7.8) (3.7) (6.4) -12 CA GE U.K. Adv. Econ. U.S. FR IT JN % OF GDP CA 2022 ■2023F GE Adv. U.S. U.K. FR IT JN Econ. 1 Sources: Scotiabank Economics, Haver Analytics, Statistics Canada. Forecasts as of July 20, 2023; 2 Sources: IMF Apr 2023 Fiscal Monitor. Calendar years shown; 3 Scotiabank Economics, IMF Apr 2023 Fiscal Monitor, CBO. Calendar years shown. 63

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