Investor Presentaiton

Canada: A growing share of the population is immigrants 18 Million people 16 Between 2016 and 2021, immigrants accounted By census year for 80% of labour force growth 14 12 10 Share of immigrant population (R) 35.0 % Projections 32.5 30.0 27.5 25.0 22.5 20.0 - 17.5 - 15.0 12.5 - 10.0 4 Number of immigrants (L) 7.5 - 5.0 2 2.5 0.0 0 T T T T T T T L 1871 1881 1891 1901 1911 1921 1931 1941 1951 1961 1971 1981 1986 1991 1996 2001 2006 2011 2016 2021 2026 2031 2036 2041 NATIONAL BANK ANGUS WATT FINANCIAL WEALTH MANAGEMENT ADVISORY GROUP+ NBF Economics and Strategy (data via Statistics Canada https://www150.statcan.gc.ca/n1/daily-quotidien/221026/g-a001-eng.htm

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