CIBC Q1 2019 Fixed Income Investor Presentation

Canada GDP and Exports Well diversified economy, with several key industries including finance, manufacturing, services and real estate Following the 2007-2008 global recession, the diversity had been a stabilizing factor and led to strong economic performance relative to other industrialized nations Monthly GDP (October 2018) Accommodation and food services, 2% Arts, entertainment and. recreation, 1% Health care and social. assistance, 7% Educational services, 5%- Other services (except public administration), 2% Agriculture, forestry, fishing and hunting, 2% Mining, quarrying, and oil and gas extraction, 8% Manufacturing, 11% Exports: Top 25 Industries (2017) Motor Vehicle Gasoline Engine and Engine Parts Manufacturing, 1%- Starch and Vegetable Fat and Oil Manufacturing, 1% Other Plastic Product Manufacturing, 1%. ational, Measuring, dical and Control ents Manufacturing, 1% Iron and Steel Mills and Ferro-Alloy Manufacturing, 1% Seafood Product Preparation Land Packaging, 1% Coal Mining, 1% Dry Pea and Bean Farming, 1% Public administration, 7% Administrative and support, waste management and remediation services, 3% Professional, scientific and technical services, 6% Wheat Farming, 1% Construction, 7% Utilities, 2% Transportation and warehousing, 5% Information and cultural industries, 3% Paper Mills, 1%. Iseed (except Soybean). Farming, 1% Engine, Turbine and Power. Transmission Equipment Manufacturing, 1% on-Metallic Mineral and Quarrying, 1% ulp Mills, 1% tering and 18,1% etic Rubber ring, 2% Alumina and Aluminum Production and Processing, 2% Real Estate, 13%- Wholesale trade, 5% Retail trade, 5% Finance and Insurance, 7% Source: Statistics Canada CIBC Q1 2019 Fixed Income Investor Presentation Non-Ferrous Metal (except. Aluminum) Smelting and Refining, 2% Petroleum Refineries, 3% Aerospace Product and Parts Manufacturing, 3% Sawmills and Wood. Preservation, 2% Pharmaceutical and Medicine Manufacturing, 2% Source: Statistics Canada Others, 39% 9 Automobile and Light-Duty Motor Vehicle Manufacturing, 15% Oil and Gas Extraction, 11% Gold and Silver Ore Mining, 3% CIBC

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