1. CANADA MACRO-ECONOMICS Presented By: Deepak Kalbhor Sumer Hiwrekar

3. Per Cent Change At Annual Rates GDP: $1.269 TRILLION PER CAPITA: $38,613 GDP 2006 2007 2007:Q2 2007:Q3 2007:Q4 Real Gross Domestic Product 2.8 2.7 3.8 3.0 0.8 Final Domestic Demand 4.7 4.3 5.2 5.2 6.9

4. COSTS AND PRICES (%, Y/Y)

5. Unemployment Vs Inflation

6. PER CAPITA INCOME

7. FINANCIAL MARKETS (AVERAGE)

8. Value Expressed In Percentage Change, (Inflation Adjusted) EXPORT Vs IMPORT EXPORT YEAR I II III IV 2007 0.2 0.6 -0.3 -1.9 2008 -1.1 -1.3 -1.4 - IMPORT YEAR I II III IV 2007 0.3 1.2 4.8 2.1 2008 -2.3 0.7 -1.6 -

9. EXCHANGE RATE YEAR JAN MAR MAY JUL SEP NOV DEC 2007 0.8504 0.8560 0.9133 0.9521 0.9753 1.0340 0.9969 2008 0.9890 0.9980 1.0006 0.9875 0.9449 0.8209 YEAR JAN MAR MAY JUL SEP NOV DEC 2007 6.00 6.00 6.00 6.25 6.25 6.25 6.00 2008 5.75 5.25 4.75 4.75 4.75 4.00 PRIME INTEREST RATE

10. S&P/TSX COMPOSITE INDEX YEAR JAN MAR MAY JUL SEP DEC 2006 11,945.64 12,110.61 11,744.52 11,830.96 11,761.27 12,908.39 2007 13,034.12 13,165.50 14,056.78 13,868.63 14,098.89 13,833.06 2008 13,155.10 13,350.13 14,714.73 13,592.91 11,752.90

11. FOREIGN CURRENCY RESERVES Foreign Currency Reserves Title Millions Of US Dollars Securities 38,382 Deposits 920 Total securities and deposits 39,302 (liquid reserves) Gold 89 Special drawing rights (SDRs) 962 Reserve position in the IMF 1,212 Total: 28-Nov-08 41,565 31-Oct-08 41,402 Net change 163

12. INVESTMENTS

13. INWARD FDI

14. OUTWARD FDI