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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