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RBC Consumer Spending Tracker

RBC Consumer Spending Tracker

Canadians’ spending plateaued over the summer with further signs of slowing momentum in August.
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Slowly but surely—Canada’s homebuyers begin to respond to rate cuts

Slowly but surely—Canada’s homebuyers begin to respond to rate cuts

Lower interest rates got the wheels turning a little faster in September for homebuyers.
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RBC Canadian Inflation Watch

RBC Canadian Inflation Watch

On the cusp of the next BoC interest rate decision on October 23, the latest CPI report showed inflation pressures continuing to slow in Canada as...
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Canada Labour Market

Canada Labour Market

Employment jumped by 47,000 in September and the unemployment rate unexpectedly edged lower for the first time since January to 6.5%.
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<em>Don’t stop me now</em> – rate cuts to multiply from the BoC, ECB and the BoE

Don’t stop me now – rate cuts to multiply from the BoC, ECB and the BoE

The stronger-than-expected September U.S. payroll report left the economy on track for the historically elusive ‘soft landing’ and reduced urgency...
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RBC U.S. Inflation Watch

RBC U.S. Inflation Watch

The small upward surprise in September price growth isn’t likely enough to prevent the Fed from following through with additional interest rate...
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Buying a home gets a tad more affordable as rates drop

Buying a home gets a tad more affordable as rates drop

Mortgage payments, property taxes and utilities fell as a share of median household income in Canada to 59.5% from 61% in Q1.
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New listings shoot higher in most major markets

New listings shoot higher in most major markets

The influx is continuing to build inventory—which is still hovering near the equivalent of four months of supply.
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Three reasons why 2024’s 2% inflation isn’t 2019’s 2%

Three reasons why 2024’s 2% inflation isn’t 2019’s 2%

Canada is back at 2% inflation, but it’s too soon to pop the champagne. What’s driving prices now looks very different from before the pandemic.
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Falling inflation, rising jobless rate usher in easing cycles in Canada and abroad

Falling inflation, rising jobless rate usher in easing cycles in Canada and abroad

The Canadian economy has continued to underperform global peers with declines in per-capita output in seven of the last eight quarters.
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Canada’s housing market still in a wait-and-see mode

Canada’s housing market still in a wait-and-see mode

Interest rates may be coming down, but most Canadian homebuyers remain unconvinced that now is the right time to make a purchase.
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<em>Ease on down the road</em> – Fed shifting gears as inflation slows

Ease on down the road – Fed shifting gears as inflation slows

Softening U.S. labour markets and lower inflation leave the Fed on track to kick of an easing cycle starting in September, one of the last major...
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