Investor Relations - Fixed Income Presentation
'95-96
-30
26-96.
Strong fiscal position
■ Strong rating as a result of fiscal prudence, conservative bank lending practices and solid economy
■ Lowest net debt to GDP ratio among G-7 peers
■
Proactively responded to crisis with strong fiscal stimulus and monetary policy
■ #1 for soundness of banks for the 6th consecutive year (1
G7 Real GDP Growth (%) (2)
2000-2013
2.5
2.2
1.9
1.7
1.3
1.2
0.9
0.3
Italy
Japan
France
Germany
Canada
Cda 2014F
Cda 2015F
Canadian Government Budget Balance (3)
20
14
6
87
9
2
($ billion)
13 14
10
'97-98
'98-99
'99-00
'00-01
'01-02
'02-03
'03-04
'04-05
'05-06
20-90,
07-08
60-80.
-6
-56
Investor Relations - Fixed Income Presentation
(1) World Economic Forum, 2013.
(2) National statistics offices, RBC Economics Research.
-26
-33
-1917
-3
'09-10
'10-11
'11-12
'12-13
'13-14F
'14-15F
'15-16F
'16-17F
'17-18F
2.7
G7 Net debt as a % of nominal GDP (4)
2013
UK
S&P Rating
X
AAA
X
Germany
USA
X
Canada
X
AA+
X
⚫ Japan
France
X
AA-
140%
100%
75%
50%
6 8 8 10
A+
'18-19F
Italy
X
A
BBB+
(3) Department of Finance Canada, RBC Economics Research.
(4) S&P, International Monetary Fund (IMF), RBC Economics Research.
Gov Net
Debt
(% of GDP)
35%
3
RBCView entire presentation