Covered Bond Program Overview

Canada GDP broken down by province/territory continues to demonstrate that Canada's economy is well diversified Canada's GDP by Province / Territory 1 (%) YT 0.2% NT NU 0.2% 0.2% NL 1.6% Population² Canada: Key Facts GDP (market prices)³ GDP per capita³ Labour Force4 Provinces/Territories Legal System 2021 Transparency International CPI 2020 Forbes annual Best Countries Survey 38.5 MM CAD 2,598 BN CAD 67,587 20.7 MM 10/3 Based on English common law, excluding Quebec which is based on civil law 13th Ranked No. 6 BC 13.3% AB 16.4% SK MB 3.9% 3.1% ON QC 19.2% 38.0% CIBC◇ 1 Percentages may not add up to 100% due to rounding PE 0.3% NB NS 1.6% 2.0% Economist Intelligence Unit (2021-2025) Best business environment: ranked 1st among G7; 2nd - globally5 Canada Sovereign Credit Ratings (M/S&P/F/DBRS) • Moody's Aaa S&P AAA Fitch AA+ • DBRS AAA 1 Statistics Canada annual data (2021) 2 Statistics Canada (Q1 2022) 3 Statistics Canada (Q4 2021, annualized) 4 Seasonally adjusted. Statistics Canada (April 2022) 5 Economist Intelligence Unit (2021-2025) 10

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