This week’s note addresses the latest COVID-19 developments, including rising infections in emerging markets, more information on the delta variant and the latest reopening and vaccination trends. From an economic standpoint, we examine recent strong economic figures. We also review evidence of an overheating U.S. labour market and new business growth. Finally, the report investigates the extent to which people will continue to work from home after the pandemic.

Click here for the full report; RBC GAM MacroMemo.