Keeping You Informed – Happy New Year, it’s time for 2024 TFSA and RESP Contributions

January 17, 2024 |Joanne Livingston
Happy New Year! As always, the beginning of the year marks the opportunity to contribute to your Tax-Free Savings Account (TFSA) and Registered Education Savings Account (RESP). As of January 1st, 2024, the annual limit for TFSA contributions has increased...
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U.S. labour market ended the year with strength

U.S. labour market ended the year with strength

January 05, 2024 |Claire Fan, Economist, Royal Bank of Canada
US labour market data ended 2023 with strength. Payroll employment was up 216k in December while the unemployment rate held at 3.7% after declining to that level the prior month. As was the case for much of the year, the employment gain in December was...
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Canadian labour markets ended 2023 with a whimper

January 05, 2024 |Nathan Janzen, Assistant Chief Economist, Royal Bank of Canada
The December labour market data was mixed, but on balance adds to evidence that economic activity remained soft through Q4. Employment was essentially unchanged in December, the softest reading since a 6k decline last July. And the unemployment rate held...
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