Automotive Finance and ESG Strategies
% OF GDP
Canadian Economy
Diverse economy with a strong balance sheet
19.4%-
Finance, Insurance,
& Real Estate
15.5%
Other
4.6%
Transportation
& Warehousing
5.8%
Professional,
Scientific,
& Technical
Services
6.7%
CANADIAN
GDP BY
INDUSTRY
(MAY 2019)
Public Administration
-12.4%
Health & Education
-10.4%
Wholesale &
Retail Trade
-10.5%
Manufacturing
-7.8%
Mining and Oil
& Gas Extraction
-7.0%
Construction
GENERAL GOVERNMENT NET FINANCIAL LIABILITIES
REAL GDP GROWTH
ANNUAL % CHANGE
3
2
U.S.
T
Canada
Eurozone
2018-2020f
UK
Japan
2000-2017
Sources: Scotiabank Economics, Haver Analytics, Statistics Canada.
Forecasts as of July 12, 2019.
GOVERNMENT FINANCIAL DEFICITS
2
120.3
124.7
% OF GDP
0
=
≈
77.1
80.7
81.4
3
65.1
33.5
-4
23.0
1.1
(0.6) (0.6)
(1.3)
(2.7)
(2.8)
(3.3)
(4.6)
-5
Canada Germany OECD France
UK
U.S.
Italy
Japan
Germany OECD* Canada
UK
Italy
Japan France
US
Sources: Scotiabank Economics, OECD (2018 estimates). As of August 2019.
* Arithmetic mean of all OECD Financial Deficits as a % of GDP.
Sources: Scotiabank Economics, IMF (2019 estimates).
As of August 2019.
Scotiabank®
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