Fall Economic Statement 2024: Canada boosts investment appeal and the deficit deepens - RBC Thought Leadership

 December 18, 2024 |Beth Arseneau
Given the political uncertainty facing Canada, the fate of many of the measures announced in the 2024 Fall Economic Statement is highly uncertain. However, the fiscal update still serves as a snapshot of where the economy is headed and how upcoming challenges...
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BoC cuts by another 50 bps but with a slightly hawkish tone

 December 18, 2024 |Beth Arseneau
BoC cuts by another 50 bps but with a slightly hawkish tone. The BoC announced a second consecutive 50 bp rate cut in December, bringing total easing for the year to 175 bps—significantly more than other G7 central banks (see Exhibit 1). As recently as...
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Bi-Weekly Client Letter 2024-12-13

 December 18, 2024 |Beth Arseneau
A continued decline in inflationary pressures, combined with ongoing signs of a cooling Canadian economy, recently prompted the Bank of Canada (BoC) to cut interest rates for the fifth consecutive time. In the U.S., the Federal Reserve is also expected...
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Fall Economic Statement 2024: Canada boosts investment appeal and the deficit deepens

Fall Economic Statement 2024: Canada boosts investment appeal and the deficit deepens

 December 18, 2024 |Rachel Battaglia, Robert Hogue and Cynthia Leach
Given the political uncertainty facing Canada, the fate of many of the measures announced in the 2024 Fall Economic Statement is highly uncertain. However, the fiscal update still serves as a snapshot of where the economy is headed and how upcoming challenges...
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Bank of Canada cuts by 50 bps, signals more gradual approach to follow

Bank of Canada cuts by 50 bps, signals more gradual approach to follow

 December 11, 2024 |Claire Fan
The Bottom Line: As expected, the Bank of Canada (BoC) cut the overnight rate by another 50 bps to 3.25% on Wednesday, right to the top end of the BoC’s “neutral” range estimate (2.25% – 3.25%). Macklem’s opening statement made clear that with interest...
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Global Insight 2025 Outlook: Canada

Global Insight 2025 Outlook: Canada

 December 03, 2024 |Sunny Singh, CFA, and Josh Nye

Despite potential headwinds, we are generally constructive on Canadian markets, though we expect less outperformance in credit.

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Immigration cuts will help narrow Canada’s housing gap but won’t solve crisis

Immigration cuts will help narrow Canada’s housing gap but won’t solve crisis

 November 04, 2024 |Robert Hogue
The drastic reduction in immigration targets announced by the federal government is one of the more consequential policy reversals in recent memory. It will sharply reduce growth in housing demand over the coming years, making it possible for Canada to...
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Bi-weekly Client Letter 2024-11-01

 November 01, 2024 |Elizabeth Arseneau
Global equity markets have drifted lower recently, with North American equity markets retreating from highs. In the U.S., central bank policy easing is expected to continue, but investors have tempered their expectations for how quickly rates will fall...
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How Canada’s new immigration targets will impact the economy

How Canada’s new immigration targets will impact the economy

 October 31, 2024 |Rachel Battaglia
The Canadian government has been under growing pressure to align the inflow of newcomers to the country with current labour market needs and infrastructure capacity—which prompted a massive reversal of the post-pandemic immigration plan set by the federal...
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The end of China’s challenging chapter?

The end of China’s challenging chapter?

 October 31, 2024 |Frédérique Carrier

China’s economy is struggling. A coordinated stimulus to curb the crippling housing crisis and support local governments is being announced. We explore the measures undertaken and contemplated and their potential implications for portfolios.

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