RBC Economics presents an in-depth analysis of the key drivers of economic activity in Canada and the U.S., including global factors that affect near-term forecasts.
Highlights
"We don’t expect Canada to be the main target of new U.S. tariffs.”
—RBC Quarterly Macroeconomic Outlook
- Bank of Canada's rate divergence with the Fed isn’t likely to stoke domestic inflation
- Population growth tailwinds turn into headwinds…
- …but Canada’s per-capita GDP slump looks poised to end
- Lower interest rates won’t solve longer-run demographic and productivity challenges
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