RBC Financial Performance Update
Canada's fiscal position strong
Strong rating as a result of fiscal prudence, conservative bank lending practices and a solid economy
■ Lowest net debt-to-GDP ratio among G7 peers (1)
Net Debt as % of GDP (1)
(2021)
Canadian GDP by Industry (2)
(February 2021)
52.5
37.0
Canada
Germany
108.8
106.1
109.0
97.2
144.2
ཟ་ ིི ིི ིི་ཕྲུ་ལྦ་སྦྲ
172.3
8%
8%
5%
4%
12%
22%
10%
12%
(1) Net debt refers to General Government net debt. International Monetary Fund April 2021 Fiscal Monitor. (2) Statistics Canada, RBC Economics Research.
41 ECONOMIC BACKDROP
■Finance, Insurance & Real
Estate
■Manufacturing
■Wholesale and Retail Trade
■Scientific, Technical &
Educational Services
Public Administration and
Utilities
10%
Mining, Oil & Gas Extractions
■Construction
11%
Health Care
Transportation, Warehousing
Other
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