The June 2024 edition of Financial Markets Monthly from RBC Economics includes a forward-looking analysis of Canadian, US and international financial market trends.
Highlights
"Canada's economy has been underperforming global peers for over a year."
—RBC Financial Markets Monthly
- The BoC and ECB kickstarted the easing cycles in June, while the BoE’s first interest rate reduction is anticipated in August
- The Fed is expected to stay on hold until later in December and the RBA until 2025
- The pace of interest rate cuts will be gradual in all regions but slightly faster and deeper in Canada
- Catch up in wage growth shouldn’t worry central banks—yet
- Rate cuts won’t spur economic growth right away
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