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Tag Archives: RBC

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 »

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 »