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 threat of significant international trade disruptions is overshadowing what would have been a substantially improving Canadian economy.”
—RBC Quarterly Macroeconomic Outlook
- The CUSMA trade deal backstop will only go so far.
- Canada’s retaliatory measures are more targeted than US policies but will increase Canadian prices.
- The Bank of Canada is likely to cut interest rates further.
- Tariffs and uncertainty are likely to slow the Canadian economic recovery.
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