Macro Memo January 13 - February 2, 2026

January 19, 2026 | Brian Moore

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

What's in this article: Updated outlook / Key events / Venezuelan decapitation / China’s technological push / AI CapEx will continue to drive growth in 2026 / Tariff burden landing on U.S. firms / China’s investment slowdown / Canada’s population stops growing