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Tag Archives: RBC

Canadian household debt at record high, inflation stalls

(June 14, 2017) -- Household net worth in Canada climbed to a record high of $10.5 trillion in the first quarter of 2017. However, the all items U.S. Consumer Price Index unexpectedly fell 0.1 percent in May to bring the year-over-year rate down to 1.9 percent from 2.2 percent in April. Read More »

Canadian employment surges by 55,000

(June 9, 2017) -- "The jump in employment in May continued an unusually long streak of gains for a survey that is typically very volatile," said Janzen. "The 55,000 surge in employment marked the 16th gain out of the last 18 months." Read More »

RBC releases report on Canadian economy

(June 7, 2017) -- "RBC acknowledge that some of the concerns are valid, especially given that households continue to take on debt and the debt-to-income ratio clocks in at record highs nearly every quarter," said Cooper. Read More »

Canadian GDP jumps 3.7 percent in first quarter

(May 31, 2017) -- "The 3.7 percent GDP jump in first quarter marked a third consecutive gain above our estimate of the economy’s ‘potential’ long-run growth rate and a third consecutive out-performance relative to the United States," said Janzen. Read More »

U.S. GDP revised upward 0.5%

(May 26, 2017) -- Consumer spending growth remained modest but was revised up slightly to 0.6 percent from 0.3 percent previously, and an already-strong business investment gain was revised up to 11.4 percent, marking the strongest quarterly increase in five years, RBC Economics reported. Read More »

Bank of Canada maintains overnight rate of 0.5%

(May 25, 2017) -- "The tone of the bank’s assessment appears to us to be more upbeat as policymakers gave a nod to both global and domestic conditions having improved with the bank anticipating very strong growth in the first quarter," said Desjardins. Read More »

Canadian retail sales up, inflation steady

(May 19, 2017) -- Nominal retail sales in Canada rose 0.7 percent, led by a 3.2 percent increase in motor vehicle sales. The year-over-year rate of headline CPI inflation was unchanged at 1.6 percent in April, while expectations were for a modest rise to 1.7 percent. Read More »

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 »