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The Bank of Canada lowered its benchmark interest rate by half a percentage point in October, to 3.75%.
The level of the overnight rate is still restrictive at 3.75% and the BoC in the press release hinted at future rate cuts will follow to support a return to stronger GDP growth.
The influx is continuing to build inventory—which is still hovering near the equivalent of four months of supply.
The Fed has finally aggressively lowered interest rates. While a steeper yield curve reflects the market’s optimism that rate cuts will shore up the economic outlook, further steepness could be a sign the Fed will cut rates deeply, likely due to a re
Chatter that Matters podcast host Tony Chapman and Dr. Joe Coughlin discuss the opportunities—and realities—of living longer.
Canada is back at 2% inflation, but it’s too soon to pop the champagne. What’s driving prices now looks very different from before the pandemic.
Staying socially connected during life's transitions is a key to healthy aging.
Amid rising rates of dementia, RBC Wealth Management helps Canadians prepare for—and enjoy—a long and healthy retirement.
The income earned by graduates has lagged tuition growth, particularly in fields such as engineering, architecture, and related sciences.