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Tag Archives: RBC

Canada gets a tourism boost this year

(May 19, 2017) -- "The steep drop in the Canadian dollar since oil prices plunged in 2014 has provided a boost to the travel sector," said Cooper. "Last year, a record one in five tourists who came to Canada were from countries other than the United States, double the rate seen a decade ago." Read More »

U.S. retail sales up 0.4%, car sales up 0.8%

(May 12, 2017) -- "Strong employment growth, rising wages and consumer confidence, and the still stimulative stance of monetary policy are all pointing to a solid household spending backdrop. Recent data remains in line with our forecast for a 2.8 percent increase in consumer expenditures in Q2. Read More »

U.S. economy adds 211,000 jobs

(May 5, 2017) -- April payroll employment rose a stronger-than-expected 211,000 returning to a pace of increase evident in the first two months of the year and indicative that the March moderation to 79,000 was an anomaly, RBC Economics reported today. Read More »

Fed holds interest rates steady

(May 4, 2017) -- The Fed explicitly noted that slower first-quarter activity is “likely to be transitory” and that growth should return to a moderate pace even as monetary policy stimulus continues to be gradually pared back, said Economist Josh Nye. Read More »

RBC: How vulnerable is the Canadian economy?

(May 1, 2017) -- "Price gains in and around the Toronto region are at eye-watering levels, raising red flags about the stability of the market and prompting intervention by the Ontario government," said Cooper. "How vulnerable is the Canadian economy to a housing downturn?" Read More »

U.S. consumer spending rises in March

(May 1, 2017) -- "A 0.3 percent tick increase in spending in volume terms provides the first sign that spending is bouncing back after a weak 0.3 percent annualized increase in all of the first quarter that looks decidedly out of line with underlying strength in labor markets, rising consumer confidence, and still extremely low interest rates," said Janzen. Read More »

Canadian GDP unchanged in February

(April 28, 2017) -- Canada's gross domestic product (GDP) remained unchanged in February following a solid .6 percent jump in January. Even though the real GDP output amounted to 2.49 percent, Bank of Canada showed little indication to immediately start to tighten policy. Read More »

Canadian retail sales show signs of easing

(April 28, 2017) -- Nominal Canadian retail sales dipped 0.6 percent in February following a 2.3 percent surge in January. Weakness was concentrated in motor vehicle sales and a price-led drop in gasoline station receipts, RBC Economics reported. Read More »

Canadian consumer prices moderate

(April 21, 2017) -- Alongside continued modest wage growth to-date in 2017, today’s report will provide further ammunition to the Bank of Canada’s argument that the economy continues to run materially below its long-run production capacity," said Janzen. Read More »

Fed confirms soft, but improving economy

(April 19, 2017) -- Today’s Federal Reserve Beige Book report can be added to the list of surveys and other ‘soft’ indicators that point to an improving economic backdrop in the first quarter even as ‘hard’ data have been less impressive, RBC Economics reported. Read More »

U.S. employment moderates as Canada’s surges

(April 7, 2017) -- In the United States, payroll employment rose a smaller-than-expected 98,000 with market expectations for a much stronger 180,000 increase. In Canada, 19,400 new jobs were created meaning 276,000 more people were working this year compared to this time last year. Read More »

Growth in Canadian firms slowest since recession

(April 4, 2017) -- "While a steep decline in the number of firms in the oil and gas sector has contributed to the weakening trend, the data show the growth rate for nearly all industries stands below their post-recession averages," said Walsh. Read More »

Canada on track to outpace U.S. growth again

(April 3, 2017) -- "Perhaps most encouragingly, business investment intentions surged to their highest level since third quarter 2010, and matched the second-highest reading on record, despite reports of significant uncertainty," said Janzen. Read More »