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Tag Archives: RBC

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 »

Canada’s jobs market keeps rolling

(March 10, 2017) -- Today’s labor market report went some distance to allay concerns about the mix of part-time and full-time job creation with 105,000 full-time positions created and 89,000 part-time jobs lost, said Desjardins. Read More »

Canadian GDP rises 2.6% in fourth quarter

(March 2, 2017) -- Activity in the fourth quarter received a significant boost from consumer spending rising 2.6 percent with a solid increase in the durables component reflecting auto sales being at record highs, said Ferley. Read More »

Bank of Canada remains wary of economy

(March 1, 2017) -- "The committee reiterated that there is slack in the domestic labor market pointing to the slow pace of wage gains and hours worked as evidence. The bank also remains concerned about exports which they say continue to face competitiveness challenges," said Desjardins. Read More »

Canadian inflation jumps to 2.1% in January

(Feb. 27, 2017) -- "Inflation is on track to exceed the bank’s 1.8 percent projection for the first quarter, but their new core measures, which remain slightly below 2 percent on average, are consistent with their assessment that the economy is running below potential," Nye explained. Read More »