The November 2024 edition of Financial Markets Monthly from RBC Economics includes a forward-looking analysis of Canadian, U.S. and international financial market trends.
Highlights
"U.S. corporate tax cuts would reduce Canada’s competitiveness.”
—RBC Financial Markets Monthly
- New administration is expected to bolster GDP and inflation in the U.S.
- U.S. election outcome and new immigration caps are likely to reduce GDP growth in Canada
- Fiscal spending is anticipated to slow interest rate cuts by Bank of England
- European Central Bank will continue to reduce rates by 25 bps per meeting before reaching a 2.25% deposit rate by the end of Q2 2025
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