Global Wealth Management and Banking Overview
% OF GDP
Canadian Economy
Diverse economy with a strong balance sheet
19.9%-
Finance, Insurance,
& Real Estate
14.3%
Other
4.5%
Transportation
& Warehousing
5.6%
Professional,
Scientific,
& Technical
Services
6.2%
CANADIAN
GDP BY
INDUSTRY
(AUG 2018)
Public Administration
-11.8%
Health & Education
-11.3%
Wholesale &
Retail Trade
-10.4%
Manufacturing
-8.9%
Mining and Oil
& Gas Extraction
-7.0%
Construction
GENERAL GOVERNMENT NET FINANCIAL LIABILITIES
127.2
128.1
87.3
76.1
80.3
66.9
36.6
24.8
% OF GDP
ANNUAL % CHANGE
REAL GDP GROWTH
2
3
US
2000-2016
Canada Eurozone
2018f-2019f
UK
Japan
Sources: Scotiabank Economics, Haver Analytics, Statistics Canada.
Forecasts as of October 15, 2018.
GOVERNMENT FINANCIAL DEFICITS
3
2
1.0
(0.6)
(1.1)
(1.8)
(2.3)
(2.6)
(3.8)
(4.3)
-4
-5
Canada Germany OECD France
US
UK
Italy
Japan
Germany OECD* Canada
UK
Italy
France US Japan
Sources: Scotiabank Economics, OECD (2017 estimates). As of May 2018.
* Arithmetic mean of all OECD Financial Deficits as a % of GDP.
Sources: Scotiabank Economics, IMF (2017 estimates).
As of October 2018.
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