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Contents

1 RBC Overview

2 Canadian Economy

3 Strategy

4 Financial Profile

5 Global Funding Strategy

Canada’s banking market is underpinned by solid fundamentals

  • #1 for soundness of banks (World Economic Forum)

  • #1 for economic strength over past decade among G7 (International Monetary Fund)

  • Nine consecutive years of current account surplus

  • Ten consecutive years of fiscal surpluses

  • Net foreign indebtedness lowest since 1945

Consumer fundamentals

• Modest leverage • Household net worth has been increasing

• Higher leverage than Canada • Household net worth has been decreasing

Mortgage fundamentals

• High mortgage quality • Low loan-to-value ratios • Low delinquencies

• Lower mortgage quality • Higher loan-to-value ratios • Higher delinquencies

Canada

U.S.

1.5%

0.2%

3.5%

5.4%

6.1%

6.1%

RBC | INVESTOR PRESENTATION

  • (1)

    Source: RBC Economics, October 2008.

  • (2)

    Source: Statistics Canada, RBC Economics, August 2008.

  • (3)

    Source: Statistics Canada and US Bureau of Labor Statistics, August 2008.

4

2009 Real GDP forecast

(1)

Inflation (CPI)

(2)

Unemployment rate

(3)

2

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