Canada’s economic engine is gearing down
September 13, 2023
Headwinds from higher interest rates and a slowing global economy are building. Canadian GDP edged 0.2% lower in Q2 of...
Canada’s economy is beating expectations, but for how long?
June 8, 2023
In both Canada and the U.S., GDP continued to grow in Q1—and consumers kept spending. But the surge in interest rates will continue to take a toll.
Rate-hiking cycle ending as recession edges closer
December 14, 2022
The Canadian economy continues to inch closer to a recession in 2023.
Hot provincial momentum to lose steam
September 12, 2022
Sky-high inflation, soaring interest rates and exceptionally tight labour markets have put their stamps on all provincial economies this year.
Provincial economies face new challenges as pandemic threat fades
March 10, 2022
Restrictions will soon be out of the picture—if they’re not already—and barring any new threatening coronavirus variants, the economic recovery will become more complete from coast to coast, spreading to hard-hit close-contact service industries.
Provinces to enter advanced stages of recovery in 2022
December 2, 2021
While the pandemic still poses a significant risk to all provincial economies, the recovery is proceeding generally well. - RBC Economics
Recovery bumpy but still advancing in all provinces
September 13, 2021
Despite the third wave causing greater-than-expected disruptions this spring, the economic recovery remains on track across Canada's provinces.
Provincial economies reaching the other side of the valley
June 9, 2021
RBC Economics expects growth to return in a big way in every province this year, supporting a half-century-high growth rate of 6.3% nationwide.