Investor Presentation Second Quarter 2018
CANADIAN HOUSEHOLD CREDIT
GROWTH IS MODERATING
• Total household credit growing 5.3% y/y in nominal terms, vs 2008 peak of 12% y/y
• Consumer loans excluding mortgages (cards, HELOCs, unsecured lines, auto loans, etc.)
are growing 5.2% y/y, vs 11% in late-2007
• Mortgage credit growing 5.3% y/y, vs 2008 peak of 13%
HOUSEHOLD CREDIT GROWTH
CONSUMER LOAN GROWTH
RESIDENTIAL MORTGAGE GROWTH
18
20
20
%, 3-month moving average
%, 3-month moving average
%, 3-month moving average
16
18
15
14
yly %
yly %
change
16
14
change
y/y %
12
m/m%
change
12
10
change,
SA
10
10
8
8
5
6
4
0
6
4
2
2
0
0
-5
-2
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, Bank of Canada.
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, Bank of Canada.
CO
m/m%
change, SA
m/m%
change,
SA
90 92 94 96 98 00 02 04 06 08 10 12 14 16 18
Sources: Scotiabank Economics, Bank of Canada.
Scotiabank | 42View entire presentation