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Tag Archives: RBC Economics

No interest rate hikes likely until 2015 or 2016

(Dec. 19, 2013) -- The summary of when participants expect the Fed to start increasing interest rates showed two members see the first increase in 2014 (down from three) while 12 projected the first increase to come in 2015 (unchanged from September) and three members (compared to two) looking at 2016 as the most appropriate timing for the first hike in the fed funds rate.

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Unemployment claims at highest since March

(Dec. 19, 2013) -- Initial unemployment claims in the United States increased by 10,000 to 379,000 in the week ending Dec. 14, thereby marking the highest weekly reading since the end of March. The level of claims in the latest week was well above market expectations for a 335,000 reading, said Josh Nye, an RBC economist.

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Canadian manufacturing jumps as consumer prices steady

(Dec. 17, 2013) -- "There had been reports aggressive price discounting by retailers would restrain the overall increase in core prices," said Ferley. "This factor contributed to apparel prices dropping 0.4 percent and TV prices falling 0.5 percent; however, widespread increases in services prices that averaged 0.2 percent more than offset this discounting."

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U.S. industrial production beats expectations in Nov.

(Dec. 16, 2013) -- "The more stable manufacturing component also was stronger than expected, by rising 0.6 percent in November compared to expectations for a 0.4 percent gain," said Janzen. "Manufacturing output was in part supported by stronger motor vehicle production with the motor vehicle assembly rate rising to its highest level since June 2006."

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Canadian net worth rises to record high

(Dec. 13, 2013) -- The gain built off of the 0.6 percent ($41 billion) increase seen in the previous quarter and pushed the aggregate wealth of Canadian households to its highest level on record, said Cooper. Per capita net worth was $212,200 in the quarter, which was up from $208,300 in the previous quarter and also represented an all-time high.

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US third-quarter GDP growth revised to 3.6%

(Dec. 5, 2013) -- The second estimate of US third-quarter 2013 gross domestic product growth was 3.6 percent, which was above both the 2.8 percent initially reported in the advance release and the 3.1 percent expected by markets ahead of the report, according to RBC Economics.

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