Investor Presentaiton
CO
6
LO
5
4
Stable Economic Fundamentals
Canada
Strengthening economic growth alongside firmer
commodity prices and a gradual rebound in non-
energy exports
Household spending remains reasonably buoyant,
underpinned by relatively low and stable
unemployment, as well as low borrowing costs
Population and labour force growth supported by
strong immigration
Stable inflation within Bank of Canada target band
3
2
1
0
-1
-2
00
y/y % change
Inflation
Bank of
Canada
Target
Inflation
Band
14
%
12
10
Unemployment Rate
Canada
8
6
4
2
0
US
90 92 94 96 98 00 02 04 06 08 10 12 14
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through April 2017.
Labour Force Participation Rate
70
%
69
66
Canada
2 223 22 22%
64
63
62
68
67
65
Canada
US
16
US
61
60
90
16
92 94 96 98 00 02 04 06 08 10 12 14
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through April 2017.
16
48
Scotiabank®
04
06
08
10
12
14
02
Sources: Scotiabank Economics, Statistics Canada, BLS. Data through March and April 2017.View entire presentation