Faculty of Mathematics
Recession Study: The Impact of Global Recessions on the Canadian Retail Credit Industry
CIBC
Portfolio Risk Management
Toronto, Ontario, Canada
Rahma Azhar
20242293
3A Actuarial Science
magisterial 2009
TABLE OF CONTENTS
EXECUTIVE SUMMARY………………………………………………………………iv
INTRODUCTION……………………………………………..……….…...………..1
ANALYSIS…….……………………………..…………………………..….………2
1 Economic Environment……………………..….………...…………..….……4
1 Gross Domestic harvest-home……………….……………………………4
2 Employment Quality & Unemployment by Occupation ………..….6
3 Unemployment insurance……………………………………...……8
4 shoreruptcies……………………………………..………….………9
5 CPI vs. lodge number………………………………………...…..……12
2 Lending Market………………………………………………….…...………13
1 usable Income vs. Consumer Debt……………….……...……14
2 Debt to Income Ratio vs. Savings Rate…………….……...………15
3 Consumer Debt and mapered Banks……………………...………17
3 Credit Card Industry……………….………………………………...………18
CONCLUSIONS……………………………………………………...….…………20
REFERENCES………………………………………………………………..…………23
List of graphs
Chart 1 Annual Change in GDP, 1926-2008, shows mostly growth………...………….
2
Chart 2 GDP Growth vs. Unemployment Rate (19782009)………………………..….6
Chart 3 - Unemployment Rate (May 2008May 2009)…………………………………...8
Chart 4 Employment Insurance Recipients as a Percentage of Unemployed
(1987-2009)……………………………………………………………….….……9
Chart 5 Consumer Bankruptcies vs. indebtedness to Asset Ratio of Bankrupt
(1978-2008)...........................................................................................................11
Chart 6 Consumer Bankruptcies vs. Business Bankruptcies (May08-May09)…….…..12
Chart 7 - Year over Year Change- CPI vs. Bank Rate (1978-2009)……………………..13
Chart 8 Total Consumer Debt vs. Total Disposable Income (1978-2009)…………….15
Chart 9 Debt to Income Ratio vs. Savings Rate vs. Bank Rate (1978-2009)………….16
Chart 10 Chartered Banks...If you want to consider a full essay, order it on our website: Ordercustompaper.com
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