Canadian Banking Financial Analysis

ECONOMIC OUTLOOK IN KEY MARKETS Macro economic growth outlook remains positive for the Pacific Alliance countries Real GDP (Annual % Change) Country 2017 Canada 3.0 2018F 2019F 2.0 1.8 U.S. 2.2 2.9 2.4 Mexico 2.1 2.0 1.6 Peru 2.5 3.6 4.0 Chile 1.5 4.2 3.2 Colombia 1.8 2.6 3.4 Source: Scotia Economics, as of February 7, 2019 Scotiabank® 32

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