Investor Presentaiton

Canada GDP and Exports • Well diversified economy, with several key industries including finance, manufacturing, services and real estate Following the 2007-2008 global recession, the diversity had been a stabilizing factor and led to strong economic performance relative to other industrialized nations Monthly GDP (September 2020) Accommodation and food services, 2% Arts, entertainment and. recreation, 0% Health care and social assistance, 7% Educational services, 5%. Other services (except -public administration), 2% Agriculture, forestry, fishing and hunting, 2% Mining, quarrying, and oil and gas extraction, 7% Manufacturing, 10% Exports: Top 25 Industries (2019) Ferro-Alloy Manufacturing, Seafood Product Preparation and Packaging, 1% Iron and Steel Mills and Paper Mills, 1%. Starch and Vegetable Fat and -1% Oil Manufacturing, 1% Commercial and Service Industry Machinery Manufacturing, 1% Oilseed (except Soybean) Farming, 1% Other Plastic Product Manufacturing, 1%. Public administration, 7%. Administrative and support, waste management and remediation services, 2%. Professional, scientific and. technical services, 6% Construction, 7% Utilities, 2% Transportation and warehousing, 4% Information and cultural industries, 3% Wholesale trade, 5% Navigational, Measuring, Medical and Cdreropre Mining, 1%, Instruments Manufacturing.. 1% Coal Mining, 1% Wheat Farming, 1%. Pulp Mills, 1%. Engine, Turbine and Power. Transmission Equipment Manufacturing, 1% Resin and Synthetic Rubber, Manufacturing, 1% Animal Slaughtering and. Processing, 1% Sawmills and Wood. Preservation, 1% Alumina and Aluminum, Production and Processing. 2% Other Non-Metallic Mineral. Mining and Quarrying, 2% Non-Ferrous Metal (except. Aluminum) Smelting and Refining, 2% Real Estate, 14%. Retail trade, 5% Finance and Insurance, 8% 1 Percentages may not add up to 100% due to rounding. Source: Statistics Canada Others, 39% Pharmaceutical and Medicine Manufacturing, 2% Gold and Silver Ore Mining.. 3% Petroleum Refineries, 3% Aerospace Product and Parts Manufacturing, 3% CIBC Oil and Gas Extraction, 17% Automobile and Light-Duty Motor Vehicle Manufacturing, 9% Source: Statistics Canada CIBC Fixed Income Investor Presentation | 8

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