Investor Presentaiton

Population Growth: A Canadian Differentiator G7 Population Growth 1.8 Canada Japan United Kingdom 2020Q1 1.6 United States ⚫ Euro Area 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 -0.2 annual % change -0.4 08 09 10 11 12 13 14 15 16 17 18 19 20 20 Sources: IMF, Scotiabank Economics 72 22

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