Investor Presentation Second Quarter 2018
CANADIAN ECONOMY AND FINANCIAL SYSTEM
Stable economy with sound financial system
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CANADIAN ECONOMY
The 10th largest economy in the world,
with a strong trade orientation
Economy diversified, with particular
strength in service, primary,
manufacturing, construction,
and utility sectors
Proactive governments and central
bank that has begun unwinding
exceptionally accommodative
monetary policy
• Manageable government deficits
and debt burdens
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Strong growth outlook, with firm
commodity prices, resilient consumer
activity, and solid U.S. demand for
Canadian goods and services
STRONG FINANCIAL SYSTEM
Effective regulatory framework
○ Principles-based regime
Single regulator for major banks
Conservative capital requirements
o Proactive policies and programs
Risk-management practices
O Prudent lending standards
o Few sub-prime mortgages
Relatively little securitization
Primarily originate-to-hold model
Canadian banks well-capitalized
and profitable
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