Canadian Bail-in Regime Update

Canadian Economy Selected Indicators 16 15 14 13 12 11 10 Unemployment Rate • Canada's unemployment rate has been less volatile • and not directly comparable to the United States unemployment rate, for the last decade1 As measured by GDP indexed to 2007, the Canadian economy has outperformed most other major economies since the financial crisis of 2008 Canadian savings rate consistently positive over the past decade (%) 987654321O -Canada GDP Indexed to 2007 130 France 125 -Germany -Italy 120 -Japan 115 United States 110 2007 4 ---Canada (official rate) US 2011 2013 2015 2017 -Canada (comparable) 2017 2019 2021 2009 Source: Statistics Canada; U.S. Bureau of Labor Statistics, January 2024 -United Kingdom 2023 20 20 15 10 (%) 5 105 100 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 95 90 90 -5 Household Net Savings Ratio 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 85 80 Source: IMF, World Economic Outlook Database, October 2023 -10 Australia -Germany -Canada -Denmark Sweden -Norway Source: OECD, November 2023 -Finland -United States 1. Certain groups of people in Canada are counted as unemployed, but are deemed as not participating 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 family responsibilities. CIBC 9

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