Q1 2020 Fixed Income Investor Presentation
Canadian Economy Selected Indicators
10
9
8
7
16
(%)
Unemployment Rate
5
4
3
-- Canada (official rate)
US
-Canada (comparable)
2
1
0
.
• Canada's unemployment rate less volatile in
the past decade, and not directly comparable
to the United States unemployment rate¹
• As measured by GDP indexed to 2007, the
Canadian economy has outperformed other
major economies since the financial crisis of
2008
.
Canadian savings rate consistently positive in
the past decade
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Source: Statistics Canada; U.S. Bureau of Labor Statistics, January 2020
GDP Indexed to 2007
Household Net Savings Ratio
8
125
20
-Canada
120
France
15
Germany
115
Italy
10
Japan
110
United Kingdom
5
105
United States
0
100
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
-5
95
90
-10
Source: IMF, World Economic Outlook Database, October 2019
Australia
― Canada
-Finland
-Germany
Norway
Sweden
United States
Source: OECD, Economic Outlook No 105, November 2019
CIBC
Denmark
1 Certain groups of people in Canada are counted as unemployed, but are deemed to not participate in the labour force in the U.S. - e.g. job seekers who only looked at job ads, or individuals not able
to work due to for family responsibilities.
CIBC Q1 2020 Fixed Income Investor PresentationView entire presentation