Can small-cap equities go the distance?

January 19, 2024 |Kelly Bogdanova

After a strong rally to end 2023, U.S. small caps gave back much of their gains. We explore whether the asset class warrants patience from investors.

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December inflation readings edged up on mixed details

January 16, 2024 |Claire Fan and Abbey Xu
Energy component pushed headline inflation reading higher with food price growth holding steady after slowing for 5 straight months. The BoC’s preferred core CPI measures bounced higher, although the breadth of inflationary pressures over the last three...
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Have bonds rallied too far, too fast?

January 12, 2024 |Thomas Garretson, CFA

Swelling expectations of rate cuts have been a boon for bond markets. But could a step up in inflation put that narrative in jeopardy to start the year?

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Global Insight 2024 Outlook highlights: Bonds are back

January 11, 2024 |Frédérique Carrier

Whether the U.S. economy will tip into recession and with the return of bonds as an attractive complement to stocks, investors have much to consider in 2024.

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Global Insight Weekly

The 2023 investment story: Elements of surprise

January 05, 2024 |Kelly Bogdanova

In a plot twist for equity markets, the expected pain in 2023 became gain. We explore five catalysts that turned the U.S. investment environment on its head.

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U.S. labour market ended the year with strength

U.S. labour market ended the year with strength

January 05, 2024 |Claire Fan, Economist, Royal Bank of Canada
US labour market data ended 2023 with strength. Payroll employment was up 216k in December while the unemployment rate held at 3.7% after declining to that level the prior month. As was the case for much of the year, the employment gain in December was...
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Canadian labour markets ended 2023 with a whimper

January 05, 2024 |Nathan Janzen, Assistant Chief Economist, Royal Bank of Canada
The December labour market data was mixed, but on balance adds to evidence that economic activity remained soft through Q4. Employment was essentially unchanged in December, the softest reading since a 6k decline last July. And the unemployment rate held...
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Thinking hard about a soft landing

December 14, 2023 |Frédérique Carrier

Recession or soft landing? That’s the big question. Amid the uncertainty framing the investment picture, we explore how to position portfolios.

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Moderating US inflation pressures extended in November

December 12, 2023 |Claire Fan
US headline inflation ticked down to 3.1% in November from 3.2% in October. Food and energy inflation both eased while core ex-food and energy inflation was little changed at 4%. Lower gasoline prices in November pushed energy inflation down further to...
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Black Friday spending surprised to the upside despite a softening macro backdrop

Black Friday spending surprised to the upside despite a softening macro backdrop

December 11, 2023 |Carrie Freestone
Retail sales ticked up in November in the midst of the holiday shopping period. Even after adjusting for inflation, real retail sales (excluding autos) were tracking an increase relative to October. Clothing stores and gasoline were responsible for the...
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