Economic update and the potential impact of shipping delays on inflation

 January 30, 2024 |Elinesky Schuett Private Wealth
In this week’s economic update, we look at the emerging challenges facing global shipping and the potential impacts this could have on consumers, inflation levels, and the decisions that need to be made by central banks. We would also like to draw your...
Read more

Economic update, odds of an economic soft landing, and TFSA updates

 January 16, 2024 |Elinesky Schuett Private Wealth
Happy New Year! We hope you’ve enjoyed the holiday season. In this week’s economic update, we examine the expected timing and degree of interest rate cuts in 2024. We will unpack the factors influencing interest rate policy in both the U.S. and Canada...
Read more
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...
Read more

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...
Read more