Q2 2019 Fixed Income Investor Presentation
Canadian Economy Selected Indicators
(%)
00
Unemployment Rate
10
9
8
7
6
5
4
3
-Canada (official rate)
US
Canada (comparable)
2
1
0
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Source: Statistics Canada; U.S. Bureau of Labor Statistics, March 2019
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
20
Household Net Savings Ratio
125
-Canada
120
-France
Germany
115
Italy
―Japan
110
-United Kingdom
105
-United States
(%)
15
10
5
8
100
2000
2002
2004 2006 2008 2010 2012
2014 2016
2018
V
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Australia
-Canada
Denmark
-Finland
95-
-10
-Germany
Norway
Sweden
United States
90
Source: IMF, World Economic Outlook Database, April 2019
Source: OECD, Economic Outlook No 104, November 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.
CIBC Q2 2019 Fixed Income Investor Presentation
CIBCView entire presentation