We are pleased to provide the October 2023 edition of Financial Markets Monthly from RBC Economics. This publication includes a forward-looking analysis of Canadian, US and international financial market trends.
Key highlights
- Central banks are on pause as surging term bond yields further tighten financial conditions
- Bank of Canada continues to be on hold in response to weakening output growth—despite high inflation
- The US economy remains exceptionally resilient, but slowing inflation pressures allow the Fed to be patient
- Canada’s surging population has been concealing the signs of a softening macroeconomic backdrop
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