End of Quebec public sector strike boosts Canadian GDP in January

End of Quebec public sector strike boosts Canadian GDP in January

March 28, 2024 |Claire Fan, Economist | Royal Bank of Canada

We continue to look for the Bank of Canada to start cutting interest rates in June.

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U.S. Fed still expecting rate cuts but risks tilted to slower pace

U.S. Fed still expecting rate cuts but risks tilted to slower pace

March 20, 2024 |Nathan Janzen

All but two FOMC participants continue to expect interest rate cuts this year.

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Bumpy recovery for Canada’s housing market

Bumpy recovery for Canada’s housing market

March 18, 2024 |Robert Hogue
February offered valuable clues on the direction Canada’s housing market is taking. Improving sentiment among buyers and sellers—no doubt stoked by growing expectations the Bank of Canada’s next move will be a rate cut—halted the series of monthly price...
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A Growing Problem: How to align Canada’s immigration with the future economy

March 13, 2024 |Benjamin Richardson & Cynthia Leach

The mismatch in immigrants' skills and the labour market’s long-term needs, along with pressure on the country’s infrastructure capacity is leading to negative economic outcomes.

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BoC holds rates steady in March

BoC holds rates steady in March

March 07, 2024 |Claire Fan, Economist, Royal Bank of Canada

The Bank of Canada (BoC) held the overnight rate unchanged for a fifth consecutive meeting, extending a pause that started after the last hike in July last year. 

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Key things to know about U.S. elections

March 06, 2024 |Curtis Grainger Jason Fields
As presidential elections have become more contentious, perceptions have risen that the stock market’s fate can hang in the balance depending on who wins. There are four principles investors should keep in mind. Find out more in this ARTICLE by Kelly...
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Proof Point: Weak productivity is threatening Canada’s post-pandemic wage growth

February 28, 2024 |Nathan Janzen
Canadian wage growth has been unusually high, but looks more modest when measured against surging inflation and relative to acute labour shortages earlier in the pandemic recovery. Now lagging productivity in Canada (along with a softening labour market...
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What is the First Home Savings Account (FHSA) and is it right for you?

February 27, 2024 |Curtis Grainger Jason Fields
With the RRSP Deadline coming this week (Feb 29th this year) we wanted to bring to our clients attention a new investment vehicle that the federal government announced in mid 2023. The First Home Savings Account is a new investment account to help younger...
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RBC Canadian Inflation Watch

Canadian inflation outlook still murky but January CPI growth slowed

February 20, 2024 |Nathan Janzen and Abbey Xu
Canadian inflation outlook still murky but January CPI growth slowed Year-over-year CPI growth slowed to 3.2% in January from 3.4% in December. Energy and food price growth slowed, but the Bank of Canada’s preferred core measures of broader price pressure...
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End of the correction? Canada’s housing market is warming up

End of the correction? Canada’s housing market is warming up

February 14, 2024 |Robert Hogue
It may be the unusually mild weather or the modest drop in fixed mortgage rates since November—or both—but Canadian house hunters have more energy this winter. Importantly, they’re landing more deals. Home resales in Canada increased for the second month...
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