Bi-weekly Client Letter 2024-01-26

 January 26, 2024 |Elizabeth Arseneau
North American equity markets have continued to push higher through the first month of the year. Given the anticipation for lower interest rates, all eyes remain focused on the world's central banks. This past week, the Bank of Canada decided to maintain...
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Bi-weekly Client Letter 2024-01-12

 January 12, 2024 |Beth Arseneau
Happy new year. Market action in the first few weeks has been relatively muted, contrasting with the strong gains witnessed towards the end of last year. This moderation can be attributed to a string of slightly stronger global economic data, prompting...
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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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