CIBC Q1 2019 Fixed Income Investor Presentation
Canadian Economy Selected Indicators
(%)
10
9
8
7
6
Unemployment Rate
4
3
Canada (official rate)
US
Canada (comparable)
2
1
0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Source: Statistics Canada; U.S. Bureau of Labor Statistics, Oct 2018
GDP Indexed to 2007
.
• 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
Household Net Savings Ratio
8
125
20
20
-Canada
120
-France
15
Germany
115
Italy
110
-Japan
-United Kingdom
10
୪୫
5
105
-United States
100
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
-2000
2002
2004 2006 2008 2010 2012
2014 2016
2018
95
Australia
-Canada
Denmark
-Finland
90
Source: IMF, World Economic Outlook Database, Oct 2018
Source: OECD, Economic Outlook No 104, Nov 2018
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.
United States
CIBC
-10
-Germany
Norway
Sweden
CIBC Q1 2019 Fixed Income Investor PresentationView entire presentation