EFTA Document EFTA01449369

28 February 2013 Exchange Rate Perspectives Deutsche Bank El Canada (CAD bn) Figure 1: The basic balance has generally been in a downtrend since 2007 80 60 40 20 0 20 -40 -60 -80 -100 Dec-90 Satre Off ne Base Baena, 40 CADJUSI) - Queen Ave lase (m) Dec-94 Dec-98 Dec-02 Dec-06 Dec.10 1 10 - 1.06 - 1.00 •0% ▪ 0.90 . 0 86 • 0.60 • 0 75 0.70 ▪ 065 060 Figure 3: Portfolio inflows seem to have peaked after an upsurge since 2008 150 100 50 0 -60 -100 Jen-91 -Por