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Budget 2023: The Red Green Show

Forward Guidance

For the week of June 5, 2023

Economic Updates

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U.S. unemployment rate ticked up in May despite payroll increase

June 2, 2023

Early signs of slowing labour demand has not yet been able cool a currently very hot labour market. Employment growth continues to surprise on the upside and wage growth, although moderating is still above the level that the Fed's comfortable with.

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Canadian GDP resilience stretching into Q2

May 31, 2023

Q1 GDP growth bounced back 3.1% (annualized rate) after after growth stalled in Q4.

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Special Reports

Proof Point: Canadians’ post-pandemic travel fever holds steady

May 30, 2023

Canada’s post-pandemic travel rush has continued despite soaring prices and ongoing disruptions. But beneath the surface, Canadians are making more...

Five signs North America’s labour markets are starting to crack

May 17, 2023

Labour markets have been far more resilient than expected in early 2023. Employment has surged higher in both the U.S....

Proof Point: Banking turmoil is tightening already strained U.S. lending conditions

May 17, 2023

Fallout from the upheaval in U.S. regional banks has further squeezed borrowers south of the border. This is a key...

RBC Canadian Inflation Watch

May 16, 2023

RBC Economics provides an analysis of the key indicators on price trends in Canada.

RBC Consumer Spending Tracker

May 11, 2023

RBC Economics provides a snapshot and an analysis of Canadian consumer spending.

RBC U.S. Inflation Watch

May 10, 2023

RBC Economics provides an analysis of the key indicators on price trends in the United States.

See all Special Reports

Canadian Housing

Influx of sellers speeds up Canada’s housing market recovery

June 6, 2023

Sellers are beginning to warm up to recovering housing markets. Early reports from local real estate boards unanimously show a...

‘Game on’ for Canada’s housing market?

May 15, 2023

Spring 2023 increasingly looks like the turnaround point for Canada’s housing market after a year-long slump. April home resales spurted...

Canada’s housing markets heat up this spring

May 5, 2023

There were hints for some time the cyclical bottom would be reached this spring but April pretty much sealed the deal.

Green shoots in Canada’s housing market

April 14, 2023

The year-long winter in Canada’s housing market appears to be ending. There were clear—albeit still tentative—signs of spring in March...

Brighter days ahead as home ownership costs go through the roof

March 29, 2023

Owning a home got even more expensive: Rising interest rates further inflated home ownership costs in the fourth quarter of...

Proof Point: Canada’s shortage of rental housing could quadruple by 2026

March 22, 2023

Canada’s shortage of rental housing could quadruple by 2026

See all Canadian Housing Articles

Economy and Markets

Canadian economy unlikely to dodge a downturn despite early-2023 resilience

March 15, 2023

Economic growth has been more resilient than feared in the wake of aggressive interest rate increases last year.

Crunch time

May 10, 2023

Highlights Banks tightening credit standards amid financial sector turmoil. Lending slowdown to weigh on US and euro area GDP growth....

The waiting is the hardest part

April 12, 2023

Banking sector turmoil caused significant bond market volatility in March, particularly at the front end of the curve

New legs, or familiar lags?

March 10, 2023

After a year of aggressive interest rate hikes, major economies continue to show signs of resilience and in some cases acceleration in early-2023.

Know when to hold ’em

February 9, 2023

With inflation slowing but labour markets proving resilient, hopes for a soft landing are growing.

Triangulating terminal

January 10, 2023

Labour markets holding up but will eventually soften as economies slip into recession

See all Economy & Market Articles

Provincial Outlook and Fiscal Analysis

Budget 2023: The Red Green Show

March 28, 2023

Budget 2023 projects substantially higher deficits and a slower reduction in debt-to-GDP relative to the fall statement. The government will...

Prince Edward Island Budget 2023: Planning for growth

May 26, 2023

P.E.I government projects a slight increase in its deficit to $98 million in FY 2023-24.

Nova Scotia Budget 2023: Overhauling health care system takes front seat

March 24, 2023

Nova Scotia made clear choices in Budget 2023

Ontario Budget 2023: a “stay the course” fiscal plan

March 24, 2023

Ontario expects to balance its budget three years ahead of schedule

Newfoundland and Labrador budget 2023 – Back to deficit (temporarily)

March 24, 2023

Government projects a $160-million deficit in 2023-24 on the expectation the 2022-23 revenue windfall will partially reverse. Stronger economy to...

Saskatchewan Budget 2023: Revenue windfall tapers, large surplus persists

March 23, 2023

Like other resource-producing economies, booming commodity markets put Saskatchewan in a solid financial position in Budget 2023

See all Provincial Outlooks & Fiscal Reports

Forecasts & Data

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