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We are pleased to share RBC Wealth Management's latest investment newsletter. Eyes wide shut? It looks like it’s back to basics for the U.S. House of Representatives and the clock is ticking. The stopgap funding deal keeping the government open expires in mid-November, leaving the chamber little time to select a speaker and pass a budget. We unpack the difficulties to averting a shutdown and highlight the ripple effects to financial markets. Regional developments: Stronger-than-expected economic data pushes Canadian long-term yields higher; Risks associated with the sharp worsening of the situation in the Middle East; European luxury goods’ growth normalization path; China considering new stimulus with higher deficit to jump start growth. Please take some time to review the Global Insight Weekly. Feel free to contact us with any questions and/or to discuss investment ideas. We appreciate the opportunity to serve you and look forward to continuing to help you accomplish your long-term financial goals. Past performance is no guarantee of future results. Privacy & Security | Legal | Accessibility | Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc.* and Royal Bank of Canada are separate corporate entities which are affiliated. *Member-Canadian Investor Protection Fund. RBC Dominion Securities Inc. is a member company of RBC Wealth Management, a business segment of Royal Bank of Canada. ®Registered trademarks of Royal Bank of Canada. Used under license. © RBC Dominion Securities Inc. 2023. All rights reserved.
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