Insights

Tariffs can have many economic impacts, but we think investors should focus on the economic and political goals that are driving decision-making.

Global equity markets are grappling with an executive order signed by U.S. President Trump on February 1st authorizing tariffs to be placed on all Canadian imports beginning Tuesday, February 4th – with a deal then being reached today between President...

Canada has been hit with its largest trade shock in nearly 100 years. RBC Economics now finds itself balancing the desire to produce a clear analysis with the recognition that the evolution of trade policies, and policymakers’ responses to them, still...

The Bank of Canada lowered its benchmark interest rate in January to 3% from 3.25% amid ongoing uncertainty over the threat of U.S. tariffs.

Over the past month, global equity markets have adjusted to an expectation that the U.S. Federal Reserve may be nearing the end of its interest rate cutting cycle. After a subdued early start to the year, markets experienced some renewed strength over...

Stock markets closed out a strong 2024 on a muted note as investors began to recalibrate their expectations for future interest rate cuts by the U.S. Federal Reserve.

Given the political uncertainty facing Canada, the fate of many of the measures announced in the 2024 Fall Economic Statement is highly uncertain. However, the fiscal update still serves as a snapshot of where the economy is headed and how upcoming challenges...

A continued decline in inflationary pressures, combined with ongoing signs of a cooling Canadian economy, prompted the Bank of Canada to cut interest rates on December 11th for the fifth consecutive time.

The Bottom Line: As expected, the Bank of Canada (BoC) cut the overnight rate by another 50 bps to 3.25% on Wednesday, right to the top end of the BoC’s “neutral” range estimate (2.25% – 3.25%). Macklem’s opening statement made clear that with interest...