Macro Memo November 18 - December 1, 2025

November 20, 2025 | Brian Moore


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

MacroMemo Nov. 18 - Dec. 1, 2025

What's in this article: Shutdown over – for now / Economic data run / Positive tariff developments / Gold shines in the spotlight / Why are oil prices so low? / A less-than-transformational Canadian budget / Will defence spending provide a fiscal lift?

 

Click here for the full report; RBC GAM MacroMemo.