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