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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Black Friday spending surprised to the upside despite a softening macro backdrop

Black Friday spending surprised to the upside despite a softening macro backdrop

December 11, 2023 |Carrie Freestone
Retail sales ticked up in November in the midst of the holiday shopping period. Even after adjusting for inflation, real retail sales (excluding autos) were tracking an increase relative to October. Clothing stores and gasoline were responsible for the...
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Canadian Inflation pressures showing further signs of easing

November 21, 2023 |Nathan Janzen, Assistant Chief Economist, Royal Bank of Canada
Most of the drop in Canadian headline CPI growth to 3.1% year over year in October (just a touch above Bank of Canada’s 1% - 3% inflation target range) came from a 4.5% month over month decline in gasoline prices. That decline also pushed year-over-year...
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house illustration.

More sellers, fewer buyers take pressure off housing prices in Canada

October 05, 2023 |Robert Hogue
The most striking trend that emerged in recent months has been the return of sellers to the housing market. September was a case in point where new listings increased sequentially in all major markets (for which early reports from local real estate boards...
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Signs of reacceleration in Canadian inflation in August

Signs of reacceleration in Canadian inflation in August

September 20, 2023 |Claire Fan and Abbey Xu
Higher prices at the pump pushed Canadian headline inflation rate up. Food costs are still high but growing at a slower pace. Mortgage interest costs continue to drive a disproportionate share of headline price growth. But the Bank of Canada’s preferred...
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U.S. inflation picked up in August on surging energy prices

U.S. inflation picked up in August on surging energy prices

September 18, 2023 |Claire Fan and Abbey Xu

RBC Economics provides a monthly analysis of the key indicators on price trends in the United States.

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Are low bank valuations a reason to buy the sector?

Are low bank valuations a reason to buy the sector?

July 20, 2023 |Frédérique Carrier

As valuations have become compelling, is now the time for investors to add bank exposure to portfolios?

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advisor looking at stock charts on computer

Recession or not, perspective is called for

June 30, 2023 |The Global Portfolio Advisory Committee

Our Midyear Outlook argues for patience while financial markets work through persistent challenges.

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Global Insight Weekly RBC Wealth Management

Deciphering the Fed’s policy picture

May 04, 2023 |Thomas Garretson, CFA

With a paint-by-numbers policy decision, the Fed missed an opportunity to express itself more freely. And the market reaction this week reflects that.

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The Meh-conomy & Matterhorn-sized risks: 12 themes for a fragmented world

January 23, 2023 |John Stackhouse

The skies above Davos were unusually cloudy during the World Economic Forum. The annual winter gathering, on the other hand, had unusual bursts of sun.

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