In-depth reports on key current economic issues and events of importance for Canada, the United States and some international economies.
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Sign Up to get email updatesU.S. GDP Update
July 25, 2024
In the second quarter of 2024, U.S. GDP expanded at an annualized rate of 2.8%, marking an acceleration from the 1.4% growth observed in the previous quarter. Consumer spending on both goods and services...
Podcast: The 10-Minute Take
July 25, 2024
Claire Fan and Carrie Freestone dig into what’s behind Canada’s rising unemployment if it’s not immigration.
Bank of Canada follows up with a second rate cut
July 24, 2024
After a first interest rate cut in June, the Bank of Canada again lowered its key overnight rate by 25 basis points to 4.5%.
Canada’s economy might not be in recession but it feels like one
July 17, 2024
Real per person output has declined in six of the past seven consecutive quarters and unemployment has risen at the same time.
RBC Canadian Inflation Watch
July 16, 2024
June’s CPI was a small relief after an upside surprise in May with headline inflation coming in within expectations.
RBC Consumer Spending Tracker
July 11, 2024
Warmer temperatures failed to ignite Canadian consumer spending in Q2.