Investor Presentaiton

120 100 80 140 160 ggggg 공항 GDP TRENDING UPWARD DESPITE STALLING IN Canada: Consumer and Business Activity ㅎㅎㅎ 110 Index, 2019Q4 = 100 105 Jan 13, 2020 forecast 100 95 90 85 80 20 231 80 index, 50 stronger BUSINESS CONFIDENCE - CFIB BUSINESS BAROMETER 2 19Q4 20Q1 20Q2 20Q3 20Q4 21Q1 21Q2 21Q3 index, Feb 2020 levels = 100 21Q4 KEY ECONOMIC INDICATORS 3 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 60 July 20, 2023 forecast 23Q4 24Q1 24Q2 24Q3 24Q4 70 50 40 30 20 865232 Oct-20 Dec-20 Feb-21- Apr-21- Jun-21- Aug-21 Oct-21- Dec-21- Feb-22 Apr-22- Jun-22 Aug-22- Oct-22 Dec-22- Feb-23- Apr-23- Jun-23 - 100 ㅎㅎㅎ 105 110 95 90 85 80 3-month moving average 6-month moving average Avg. 2011-present 11 12 13 14 15 16 17 18 19 20 20 Feb. 2020=100 Auto Sales ⚫Mfg Shipments Exports Housing Starts Retail Sales Employment Manufacturing PMI Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 1 Sources: Scotiabank Economics, Statistics Canada; 2 Sources: Scotiabank Economics, CFIB; 3 Sources: Scotiabank Economics, Bloomberg Dec-20 LABOUR MARKET RECOVERY 1 Feb-21 Apr-21- Jun-21 Aug-21- Oct-21- Dec-21 Feb-22 Apr-22- Jun-22 Aug-22 Oct-22- Headline index T 21 22 23 -6.4K Jobs in Jul. 2023 Dec-22 Feb-23- Apr-23- Jun-23 70 0

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