The August 2024 edition of Financial Markets Monthly from RBC Economics includes a forward-looking analysis of Canadian, U.S. and international financial market trends.
Highlights
"Forward-looking indicators suggest that Canada's labour market will likely get worse before it gets better."
—RBC Financial Markets Monthly
- Worries continue about a softening U.S. job market but economic fundamentals have not crumbled
- Persistent weakening of Canada’s economy paves the way for more aggressive rate cuts than in most other advanced economies
- Resilient jobs and inflation are likely to put the brakes on ECB and BoE rate cuts
- RBA is expected to lag the global easing cycle in terms of timing and magnitude
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