Investment Solutions for Municipalities

10 Year Government of Canada Historic Yields 12.00% 11.00% 10.00% 9.00% 8.00% Canadian 7.00% Historical 10 6.00% Year Yields 5.00% www 4.00% 3.00% 2.00% ויי///// 1.00% 0.00% 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015 2017 2019 2021 CIBC CONFIDENTIAL 8

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