Investor Presentation Second Quarter 2018
(%)
STABLE ECONOMIC FUNDAMENTALS IN CANADA
Low unemployment rate supporting growth in Canadian Economy
UNEMPLOYMENT RATE
14
12
10
Canada
8
6
4
2
0
US
T
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through April 2018.
INFLATION
•
•
Strengthening economic growth and a
gradual rebound in non-energy exports
Household spending remains buoyant,
underpinned by relatively low and stable
unemployment, as well as
low borrowing costs
Population and labour force growth
supported by strong immigration
Stable inflation within Bank of Canada
target band
LABOUR FORCE PARTICIPATION RATE
6
Canada
Bank of Canada
Target Inflation Band
ha
(%)
22222
70
68
66
64
62
US
-2
60
00 02
04
06 08
10
12
14
16
18
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through March 2018.
Canada
US
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through April 2018.
Scotiabank 51View entire presentation