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Tag Archives: RBC

U.S., Canadian employment numbers rise

(Dec. 2, 2016) -- November payroll employment increased by 178,000, up considerably from the 142,000 gain in October. In Canada, employers increased employment by 11,000 jobs in November, despite estimates of a drop in new jobs. Read More »

Canadian GDP rises 3.5 percent

(Nov. 30, 2016) -- "The issue going forward is what growth rate will the economy stabilize at once the temporary boost from the recovery of this lost oil production passes," said Janzen. Read More »

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 »