The July 2024 edition of Financial Markets Monthly from RBC Economics includes a forward-looking analysis of Canadian, U.S. and international financial market trends.
Highlights
"If Trump is re-elected, we expect his second presidency to look a lot like the first one."
—RBC Financial Markets Monthly
- U.S. gross domestic product growth and labour market conditions are finally softening
- The Fed is now expected to cut rates in September—three months earlier than previously anticipated
- Canada’s per-capita GDP continues to decline, and unemployment is persistently trending higher
- The economic rebound in the Euro area and U.K. is continuing in Q2 after a softer 2023
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