The April 2025 edition of Financial Markets Monthly from RBC Economics includes a forward-looking analysis of Canadian, US and international financial market trends.
Highlights
“US trade policy continues to fluctuate dramatically, imposing sizeable volatility and reducing the confidence and durability of economic forecasts.”
—RBC Financial Markets Monthly
- US trade policy continues to escalate with grievances extending to virtually all US trade partners today from just a handful a month ago.
- The US growth outlook was downgraded, and the Federal Reserve is expected to cut interest rates three times (in 25-bps increments) this year.
- Risks for the Canadian economy have shifted from being directly targeted with severe US tariffs to more traditional concerns that slower US and global growth will spill over.
- The Bank of Canada is expected to cut the interest rate to 2.25% in the summer.
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