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Tag Archives: RBC

Energy price bump fuels Canadian inflation rate

(Nov. 18, 2016) -- "Our forecast is that the economy will grow at an above-potential pace throughout 2017 chiseling away at spare capacity, underpinning inflation expectations at 2 percent and preventing a downshift in underlying price pressures," said Desjardins. Read More »

U.S. retail sales jump 0.8% in October

(Nov. 15, 2016) -- Retail sales in the United States posted another solid increase in October with a 0.8 percent gain built on an upwardly revised 1.0 percent increase in September, RBC Economics reported. Read More »

U.S. employment jumps 161,000

(Nov. 4, 2016) -- However, CNS News reported that 94.6 million adults are still out of the labor force, the second highest number on record. It forced the participation rate down to 62.8 percent. Read More »

Fed leaves rates as is until after election

(Nov. 3, 2016) -- "With the economy picking up pace and labor market conditions continuing to tighten, the underpinnings of the Fed meeting its longer term objective of 2 percent inflation appear to be strengthening," said Desjardins. Read More »

Canadian GDP rises 0.2%

(Nov. 1, 2016) -- "The increase in August GDP builds further onto the outsized gains in July and June and point to Q3 annualized GDP growth likely increasing 3.5 percent," said Ferley. Read More »

U.S. GDP expected to climb 2.9% in third quarter

(Oct. 28, 2016) -- The advance estimate of U.S. third-quarter gross domestic product growth was 2.9 percent, which was above expectations for a 2.5 percent gain, and up from the 1.1 percent average growth rate in the first half of the year, RBC Economics reported. Read More »

Canadian retail sales fall 0.1% in September

(Oct. 21, 2016) -- "The reported drop in retail sales volumes is disappointing. However, it is expected to be more than offset on a monthly GDP basis by a solid rise in manufacturing output of 0.5 percent in August," said Janzen. Read More »

Latest Beige Book doesn’t signal Fed activity

(Oct. 19, 2016) -- "On balance, there is little to suggest the economy is deviating from the Fed’s projected path, although recent developments aren’t necessarily enough to push the committee’s consensus in favor of a rate hike even after some saw the last decision as a 'close call,'" said Nye. Read More »

Bank of Canada holds interest rate at 0.5%

(Oct. 29, 2016) -- In 2016, the bank now looks for Q3 growth of 3.2 percent (previously 3.5 percent) with Q4’s growth rate cut to 1.5 percent from 2.8 percent. The bank now looks for the economy to grow by 2.0 percent in 2017 rather than 2.2 percent, said Desjardins. Read More »

September retail sales jump 0.6 percent

(Oct. 14, 2016) -- Market expectations for a solid increase in September retail sales were based on indications of unit auto sales rebounding sharply. It was confirmed in today’s report with sales of motor vehicle dealerships rising 1.1 percent. Read More »

Interest rate hike likely after U.S. election

(Oct. 12, 2016) -- "There seemed to be growing concern among some participants that the Fed is falling behind the curve on tightening monetary policy," said Nye. "Several noted the risk, based on historical experience, that waiting too long to resume policy firming could pose risks to the economic expansion." Read More »

U.S. unemployment jumps as Canadian jobs surge

(Oct. 7, 2016) -- Payroll employment in the United States rose by 156,000 in September, but unemployment jumped from 4.9 to 5 percent. In Canada, the 67,000 increase is the strongest since 2012 and builds on August’s 26,000 job gain, RBC Economics reported. Read More »