RBC Quarterly Macroeconomic Outlook

Rate cuts won’t spur immediate rebound in Canada’s economy

RBC Quarterly Macroeconomic Outlook  banner image

RBC Economics presents an in-depth analysis of the key drivers of economic activity in Canada and the US, including global factors that affect near-term forecasts. 

Highlights

"Surging US economy has fewer than normal spillovers to Canada."

RBC Quarterly Macroeconomic Outlook

  • Global economic growth backdrop has shown signs of improvement
  • Canada’s economy continues to underperform but rate cuts won’t spur growth until next year
  • The US economy is showing signs of softening and the unemployment rate has edged higher
  • GDP across the Euro Area and UK picked up in early 2024 after contracting during the last half of 2023

 

View report

 


 

You may also like

Sources

RBC Economics, Quarterly Macroeconomic Outlook, June 2024