Rate hikes ending as recession edges closer

RBC Quarterly Macroeconomic Outlook

RBC Economics presents an in-depth analysis of the key drivers of economic activity in Canada and the US, including global factors that will affect near-term forecasts.

Key highlights

  • Inflation is easing on both sides of the border
  • Central banks are getting close to pausing rate hikes
  • A “mild” recession is still expected
  • Global supply chain pressures are easing…
  • …but so is the manufacturing sector outlook
  • Immigration and business investment are key to recovery


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