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Tag Archives: RBC

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 »

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 »