Bank of Canada cuts interest rate, hones in on downside risk

Bank of Canada cuts interest rate, hones in on downside risk

September 04, 2024 |Claire Fan

Growth in the third quarter is already looking to undershoot the BoC’s July forecast. We continue to expect another rate cut in October.

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Video: The Wealthy Barber: Is your Will’s executor ready?

August 30, 2024 |RBC Wealth Management

When estate planning, remember to include your personal property and heirlooms

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Video: The Wealthy Barber wants to know: Are you making a Will?

August 30, 2024 |RBC Wealth Management

Why you should make a Will and include an up-to-date net-worth statement

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Inflation keeps on slowing in Canada in July

Inflation keeps on slowing in Canada in July

August 20, 2024 |Claire Fan and Abbey Xu

The 2.5% reading is the lowest since March 2021.

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Bank of Canada follows up with a second rate cut of 2024

Bank of Canada follows up with a second rate cut of 2024

July 24, 2024 |Claire Fan

After a first interest rate cut in June, the Bank of Canada (BoC) again lowered its key overnight rate by 25 basis points at its meeting Wednesday, to 4.5%. The move was in line with market and our own expectations ahead of the announcement.

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RBC Canadian Inflation Watch

Slowing inflation in June sets the table for a July rate cut from Bank of Canada

July 16, 2024 |Claire Fan and Abbey Xu

The latest Business Outlook Survey largely confirmed further normalizing in a few key areas that the central bank has deemed critical to future inflation trends.

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Proof point: Rental housing construction picks up in Canada but will it be enough?

Proof point: Rental housing construction picks up in Canada but will it be enough?

July 03, 2024 |Rachel Battaglia
There hasn’t been this much rental housing under construction in Canada in a generation—which is encouraging news given the acute supply shortages across the country. But even more construction will be needed as rental demand continues to rise rapidly...
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Gen AI: Is Canada ready?

June 20, 2024 |Pascal Dessureault

Gen AI holds the potential to get Canada’s economy growing again through accelerated innovation and productivity. The big question is whether Canadian businesses and public sector organizations will seize the moment.

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Bank of Canada set to make the first interest rate cut of easing cycle

June 04, 2024 |Nathan Janzen and Claire Fan
Evidence has continued to build that the current high level of interest rates is no longer needed. All ducks appear to be in a row for the Bank of Canada (BoC) to kick-start the policy easing cycle and lower the overnight rate by 25 basis points to 4...
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Proof Point: A weaker Canadian dollar won’t necessarily derail BoC interest rate cuts

Proof Point: A weaker Canadian dollar won’t necessarily derail BoC interest rate cuts

May 01, 2024 |Nathan Janzen and Claire Fan
Proof point: The timing and magnitude of interest rate cuts from the Bank of Canada will be determined by domestic economic and inflation conditions and not the gap in monetary policy with the U.S. Federal Reserve or the value of the Canadian dollar....
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