Leading Bank in the Americas Presentation
% OF GDP
Canadian Economy
Diverse sources of growth with a strong balance sheet
19.5%
Finance, Insurance,
& Real Estate
15.8%
Other
4.5%
Transportation
& Warehousing
6.1%
Professional,
Scientific,
& Technical
Services
6.8%
CANADIAN GDP
BY INDUSTRY
(Nov 2019)
Public Administration
12.5%
REAL GDP GROWTH
Health & Education
7.2%
10.3%
Wholesale &
Retail Trade
-10.0%
Manufacturing
7.3%
Mining and Oil
& Gas Extraction
Construction
ANNUAL % CHANGE
3
N
U.S.
Canada
2010-2018
Eurozone
2019e-2021f
U.K.
Japan
Sources: Scotiabank Economics, Haver Analytics, Statistics Canada.
Forecasts as of January 13, 2020.
GENERAL GOVERNMENT NET FINANCIAL LIABILITIES
GOVERNMENT FINANCIAL DEFICITS
2
1
1.0
0 1 2 3
456
(0.7)
(1.6) (1.5)
(2.2)
(2.4)
(2.5)
122.5
125.7
% OF GDP
88.0
78.2
80.9
66.6
29.0
22.8
-6
Canada Germany OECD France
U.K.
U.S.
Italy
Japan
Sources: Scotiabank Economics, OECD (2020 estimates). As of February 2020.
(5.5)
Germany Canada OECD*
UK
Japan France Italy
US
* Arithmetic mean of all OECD financial deficits as a % of GDP.
Sources: Scotiabank Economics, IMF (2020 estimates).
As of February 2020.
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