RBC Financial Markets Monthly

Past the peak

We are pleased to provide the December 2022 edition of Financial Markets Monthly from RBC Economics. This publication includes a forward-looking analysis of Canadian, US and international financial market trends.

Key highlights

  • Headline inflation has peaked thanks to falling energy prices
  • BoC likely to be the first to move to the sidelines—in January
  • Other central banks won’t keep hiking beyond Q1 2023
  • Monetary policy will remain restrictive throughout 2023…
  • …as sticky core inflation delays response to recession


Read more



RBC Economics, Financial Markets Monthly, December 2022