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Scotiabank Investor Presentation

CA: Consumer and Business Activity 95 90 85 80 19Q4 2001 2002 110 Index, 2019Q4 = 100 105 Jan 13, 2020 forecast 100 2003 Key Economic Indicators index, Feb 2020 levels 100 42004 21Q1 21Q3 m. 21Q2 2104 22Q1 22Q2 22Q3 22Q4 23Q1 23Q2 23Q3 23Q4 24Q1 24Q2 24Q3 24Q4 Dec-21 Feb-22 60 Oct 17, 2022 forecast 50 GDP Getting Back on Track ៩ ៦ 8 8 ៩ ៩ ៩ ៩ ៩ 100 140 180 160 Feb-20 Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Auto Sales Mfg Shipments Exports Sources: Scotiabank Economics, Bloomberg. Feb-21 Apr-21 Jun-21 Housing Starts Retail Sales Aug-21 Oct-21 Apr-22 Jun-22 Aug-22 Oct-22 Employment 80 Manufacturing PMI 85 30 40 80 index, > 50 = stronger 70 Business Confidence - CFIB Business Barometer 3-month moving average 6-month moving average Avg. 2011- present ཨ 20 11 12 13 14 15 Sources: Scotiabank Economics, CFIB. 16 17 18 19 20 21 2 22 22 Labour Market Recovery Canada Fully Recovers Lost Jobs 105 Feb. 2020=100 66 % 65 100 64 95 63 62 90 Feb-20 Apr-20 Jun-20 Aug-20- Oct-20 Dec-20 Feb-21- Apr-21- Jun-21- Aug-21- Oct-21- Dec-21- Feb-22- Apr-22- Jun-22 Aug-22- Oct-22- Sources: Scotiabank Economics, Statistics Canada. 59 60 Feb-20 61 Headline index Canada's Labour Force Participation Rate Apr-20 Jun-20 Aug-20 Oct-20 Dec-20 Feb-21 Apr-21] Jun-21 Aug-21 Oct-21 Dec-21 Feb-22 Apr-22] Jun-22 Aug-22 Oct-22] 69
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