RBC Quarterly Macroeconomic Outlook

Falling inflation, rising jobless rate bring easing cycles in Canada & abroad

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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

"The Canadian economy has continued to underperform global peers."

RBC Quarterly Macroeconomic Outlook

  • BoC is expected to continue pushing interest rates lower—gradually
  • Emerging market demand keeps floor on commodity prices
  • U.S. economy continues to soften, not crumble
  • Longer job search times drive Canada’s unemployment rate higher

 

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Sources

RBC Economics, Quarterly Macroeconomic Outlook, September 2024