RBC Financial Group

We expect gross domestic product data on Thursday will show the Canadian economy grew by 1.8% annualized in Q1. The catch is that most of the increase came early in the quarter from a 0.4% rise in January. GDP contracted […]

April’s inflation reading for Canada on Tuesday will be distorted again by tax changes with the removal of the consumer carbon tax on energy products at the start of the month. This builds upon previous distortions caused by the federal

U.S. tariffs rose sharply in early April, but a ramp up in Q1 inventories by businesses is expected to delay the full impact on consumer prices. Q1 imports surged higher, in part as businesses built up inventories in anticipation of

U.S. tariff risks continue to cloud the outlook for Canada, but January’s gross domestic product report should show further signs of life in an economy that broadly underperformed global peers in the previous two years. We expect GDP increased 0.2%

The balance of risk around the U.S.’s growth may be shifting, but government data still shows a strong economy and that will likely lead the U.S. Federal Reserve to stand pat on interest rates on Wednesday. At the recent U.S.

We expect the Bank of Canada interest rate decision on Wednesday will be a very close call as our base case forecast assumes it will forego a rate cut for the first time since April 2024, but U.S. trade risks

The week ahead brings important labour market reports from both sides of the border. For Canada, it will be the final major data release before the Bank of Canada’s March 12 decision on interest rates. We expect 15,000 jobs were

Canadian gross domestic product will be in focus after firmer labour market reports in December and January, and an upside headline inflation surprise increased the odds that the Bank of Canada will forego another rate cut in March. Our expectation

Canadian and U.S. job market reports for December on Friday will mark the first major data releases of the year ahead of interest rate decisions later in the month for both the Bank of Canada and the U.S. Federal Reserve.

The Bottom Line: Today’s GDP report shows Canadian economic growth accelerated in October from September; however, the early estimate points to a contraction (-0.1%) in November, consistent with preliminary reports showing softer wholesale sales, declining manufacturing volumes, and flat retail