Scotiabank Strategic Priorities and Track Record
Canadian Household Credit Growth is Steady
Total household credit growing 5% y/y in nominal terms vs 2008 peak of 12% y/y
Consumer loans excluding mortgages (cards, HELOCs, unsecured lines, auto loans, etc.) are growing
3.5% y/y, vs. 11% in late 2007 and prior peaks in the high-teens
•
Mortgage credit growing 6% y/y, vs 2008 peak 13%
Consumer Loan Growth
Residential Mortgage Growth
%, 3-month moving average
20
%, 3-month moving average
18
y/y %
change
16
y/y %
14
change
12
10
Ними
8
m/m %
change
SA
6
0
m/m %
change, SA
4
2
0
18
Household Credit Growth
%, 3-month moving average
20
20
16
15
14
y/y %
change
12
10
m/m %
change,
SA
10
10
8
сл
5
6
4
2
90 92 94 96 98 00 02 04 06 08 10 12 14 16
Sources: Scotiabank Economics, Bank of Canada.
0
-5
90 92 94 96 98 00 02 04 06 08 10 12 14 16
Source: Scotiabank Economics, Bank of Canada.
22
22
90 92 94 96 98 00 02 04 06 08 10 12 14 16
Sources: Scotiabank Economics, Bank of Canada.
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