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Canadian credit card consumers are conservative

  • Canadians use credit cards primarily for convenience

  • Most pay off their balance each month and credit card debt per household is low

  • Canadians own fewer credit cards and have a lower delinquency rate

$12,000

$8,000

$4,000

$0

Credit Card Debt per Household (US$) August 2007

$8,000

$2,000

(1)

3.0% 2.5% 2.0% 1.5% 1.0% 0.5%

Delinquency Rate (90+ days) (2)

Canada

U.S.

2000

2001

2002 2003 Canada

2004

2005 U.S.

2006

2007

Cardholders Paying Off Balances Each Month August 2007

(3)

Credit Cards per Household

(1)

80% 60% 40% 20% 0%

73%

1

40%

8 6 4 2 0

Canada

U.S.

2000

2001

2002 2003

2004

2005

2006

Canada

U.S.

RBC | INVESTOR PRESENTATION

  • (1)

    Source: Tower Group

  • (2)

    Source: Canadian Bankers Association, FDIC

  • (3)

    Source: Canadian Bankers Association, Federal Reserve Bank of Philadelphia Economic Research

Contents

1

RBC Overview

2

Canadian Economy

3

Strategy

4

Financial Profile

5

Global Funding Strategy

15

8

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