RBC Global Insight: September 2025
I am pleased to share the latest investment strategy report from RBC Wealth Management—Global Insight, which provides our current thoughts on asset classes, the economy, and timely issues that impact investment strategy.
The global economy in 2025 and the path ahead
This year has served up ample cause for concern, yet the economy and markets have largely outpaced cautious expectations. Consistent earnings delivery and corporate adaptability have steadied investor sentiment in the face of unresolved tariff risks, and could continue to cushion markets against shifts in trade policy.
Global equity: New highs but a shallower trajectory ahead
Markets have shown broad-based momentum, with global indexes hitting new highs. While recent gains have been steep, we expect the pace to moderate.
Global fixed income: The Fed’s smoke signals
In the eyes of markets, Fed Chair Jerome Powell has signaled a potential rate cut this month due to a softer labor market, but that signal may be murkier than his past guidance.
U.S. Recession Scorecard: Inconclusive, again
The mixed state of the scorecard indicators, in our view, argues for a watchful portfolio investment approach in an environment where the impact of tariffs is only beginning to be felt.
Advice Event - The changing landscape of business ownership: Planning for 2025 and beyond
Open to clients of RBC Dominion Securities, professionals, and other interested partners.
Wednesday, October 5th, 2025
17:00pm – 20:00pm PST
Pan Pacific Vancouver,Suite 300-999 Canada Place, Vancouver BC V6C 3B5
Please join us for a special evening with our RBC Portfolio Advisory Group and a panel of RBC Business Owner Planning specialists. This event will provide you with actionable advice to help you build a plan to preserve your business's wealth, legacy, and family harmony.
Hors d’oeuvres and refreshments to be served
before and after the presentation. Attendance is complimentary, but space is limited. Kindly RSVP by clicking the link below.
Special Report: How tariffs will flow through the U.S. economy
Economists are making a range of assumptions about how tariffs may work their way through the economy without relevant historical precedent. Using our own set of assumptions, we expect tariffs will weigh on the labour market and put upward pressure on inflation, exacerbating our view that the U.S. economy is in a stagflation-lite scenario.
Read Full Special report Here >
Canada’s Housing Market Update
Canada's housing markets are slowly but unevenly getting busier
There was further evidence of a recovery taking hold in many housing markets across Canada in August, but local price trends still varied considerably with declines continuing in affordability-challenged areas where inventory has piled up.
Early reports from local real estate boards indicate the number of homes changing hands continued to pick up from this year’s lows in Vancouver, Calgary, Edmonton and Montreal. But, activity has yet to surpass levels from a year ago in Calgary and Edmonton. Toronto saw what we think will be a temporary pause in August from its gradual upturn..
Special Video Series - Estate Planning
Insights from the Wealthy Barber on Key Estate Planning Items
Do you know what a Trust is? The Wealthy Barber explains why trusts are not just for the ultra-wealthy. They can be used as a legal tool in your estate plan.
What does incapacity mean? Why you should protect yourself with powers of attorney if you can no longer care for yourself.
What is a power of attorney? The Wealthy Barber explains the two basic types of powers of attorney in Canada
Who is the executor of your estate? The Wealthy Barber on why he’s chosen a corporate executor.
Complimentary Second Opinion Service
Helping your family build, manage and protect your wealth
If you’re a successful entrepreneur, part of a large family, or a high net-worth retiree/pre-retiree, you may have to manage financial issues that others don’t; This could include inheritances, assets in trust, complex tax planning, or a family vacation property. Perhaps you’d like to put your finances into greater context with your family’s savings, estate and business planning goals. Whatever your personal situation, we are here to help, with a comprehensive review that can ensure your wealth remains “all in the family.”
Our review process typically looks at both your investment portfolio and your overall wealth planning. This way, we can assess your financial situation in the context of your personal tax situation, savings goals, the time you have to invest and other factors such as your insurance coverage or charitable intentions.
This information is not investment advice and should be used only in conjunction with a discussion with your RBC Dominion Securities Inc. Investment Advisor. This will ensure that your own circumstances have been considered properly and that action is taken on the latest available information. The information contained herein has been obtained from sources believed to be reliable at the time obtained but neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers can guarantee its accuracy or completeness. This report is not and under no circumstances is to be construed as an offer to sell or the solicitation of an offer to buy any securities. This report is furnished on the basis and understanding that neither RBC Dominion Securities Inc. nor its employees, agents, or information suppliers is to be under any responsibility or liability whatsoever in respect thereof. The inventories of RBC Dominion Securities Inc. may from time to time include securities mentioned herein. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. ®Registered trademarks of Royal Bank of Canada. Used under licence. © 2022 RBC Dominion Securities Inc. All rights reserved.