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Tag Archives: RBC

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 »

U.S. fourth quarter GDP revised up to 2.1%

(March 30, 2017) -- Consumer spending growth was revised up to 3.5 percent from 3.0 percent in the second estimate, and 2.5 percent in the advance estimate. The build in inventories was also slightly larger, RBC Economics reported. Read More »

Canadian inflation remains at 2% in February

(March 24, 2017) -- The reading fell slightly short of market expectations for an unchanged 2.1 percent rate, but inflation continues to track above the Bank of Canada's first quarter forecast of 1.8 percent, said Economist Josh Nye. Read More »

Fed’s eye faster interest rate hikes in 2018

(March 17, 2017) -- "Confidence was evident in the median growth forecast at 2.1 percent in both 2017 and 2018 -- solidly above the 1.8 percent longer run estimate -- even with policymakers anticipating another two rate hikes to be delivered this year and three next year," said Desjardins. Read More »

Inflation up, retail sales steady in February

(March 15, 2017) -- Energy prices again pushed U.S. inflation higher in February as the all items index edged up just 0.1 percent, the smallest increase since July. February retail sales rose an expected 0.1 percent following a much stronger and upwardly revised 0.6 percent gain in January. Read More »