Investor Relations - Fixed Income Presentation
Attractive economic fundamentals
■ A diversified economy resulting in balanced economic growth
RBC
Inflation remains at the lower bound of the Bank of Canada's 1-3% target range; however, the absorption
of excess capacity in the economy is expected to bring inflation closer to mid-range by 2015
■ Unemployment rates are trending favourably and have shown less volatility to global shocks
Canadian GDP by Industry (1)
(February 2014)
13
12
Unemployment (%) (2)
Canada
U.S.
4%
7%
7%
13%
19%
8%
9%
11%
11
10
■Finance, Insurance & Real Estate
9
8
■Manufacturing
■ Wholesale and Retail Trade
7
6
5
Scientific, Technical & Educational Serv.
4
■ Public Administration and Utilities
11%
Mining, Oil & Gas Extractions
■Construction
11%
Health Care
Investor Relations
-
Fixed Income Presentation
■Transportation, Warehousing
Other
(1) Source: Statistics Canada, RBC Economics Research.
(2) Statistics Canada, Bureau of Labor Statistics, RBC Economics Research.
3
1990
1992
1994
1996
1998
2000 2002
2004
2006
2008
2010
2012
2014
69
68
67
66
65
64
63
Labour Force Participation Rate (2)
Canada
U.S.
62
1990
1992
1994
1996
1998
2000
2002
2004
2006
2008
2010
2012
2014View entire presentation