Macro Memo October 14 - November 3, 2025

October 16, 2025 | Brian Moore


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Produced by RBC Global Asset Management’s Chief Economist Eric Lascelles.

RBC GAM MacroMemo Oct. 14 - Nov. 3, 2025

What's in this article: Government shutdown / Tariff musings / Tariffs compress margins / Economic miscellany / AI boom cushions U.S. economy / Which countries have room to grow? / International themes / Skilled worker crackdown / Canadian recession concerns / USMCA expectations

 

Click here for the full report; RBC GAM MacroMemo.