{"id":8,"date":"2025-09-22T10:01:24","date_gmt":"2025-09-22T10:01:24","guid":{"rendered":"https:\/\/www.rbc.com\/en\/economics\/?page_id=8"},"modified":"2026-04-01T12:59:48","modified_gmt":"2026-04-01T12:59:48","slug":"economics","status":"publish","type":"page","link":"https:\/\/www.rbc.com\/en\/economics\/","title":{"rendered":"Economics"},"content":{"rendered":"\n<div class=\"wp-block-rbc-economics-blocks-rbc-full-width-carousel alignfull mar-b-0 mob-mar-b-0\"><div class=\"carousel-wpr\" aria-label=\"RBC Full Width Carousel\"><div class=\"col-wpr eh-wpr carousel-inner mar-0\">\n<div class=\"wp-block-rbc-economics-blocks-rbc-full-width-carousel-slide alignfull carousel-item\">\n<div class=\"wp-block-cover alignfull\" style=\"padding-top:60px;padding-right:60px;padding-bottom:60px;padding-left:60px;min-height:420px;aspect-ratio:unset;\"><img loading=\"lazy\" decoding=\"async\" width=\"3067\" height=\"1850\" class=\"wp-block-cover__image-background wp-image-3119 size-large\" alt=\"\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/06\/OIL2-compressed.png?quality=80&amp;w=1024\" data-object-fit=\"cover\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png 3067w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 3067px) 100vw, 3067px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-40 has-background-dim\" style=\"background-color:#042340\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-container-core-cover-is-layout-00d652c3 wp-block-cover-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<h3 class=\"wp-block-heading has-white-color has-text-color has-link-color has-text-major-sm-font-size wp-elements-3eac9d59ecabaafd78e2f79d5afc77fc\" id=\"h-crude-calculations-assessing-canada-s-vulnerability-to-oil-prices\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/crude-calculations-assessing-canadas-vulnerability-to-oil-prices-2\/\" target=\"_blank\" data-dig-id=\"LP-8-f248cd23\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"BoC done with rate cuts, expects 2% inflation to persist\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Crude calculations: Assessing Canada\u2019s vulnerability to oil prices<\/a><\/h3>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\"><\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-economics-blocks-rbc-full-width-carousel-slide alignfull carousel-item\">\n<div class=\"wp-block-cover alignfull\" style=\"padding-top:60px;padding-right:60px;padding-bottom:60px;padding-left:60px;min-height:420px;aspect-ratio:unset;\"><img loading=\"lazy\" decoding=\"async\" width=\"3067\" height=\"1850\" class=\"wp-block-cover__image-background wp-image-3119 size-large\" alt=\"\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/06\/OIL2-compressed.png?quality=80&amp;w=1024\" data-object-fit=\"cover\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png 3067w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/OIL2-compressed.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 3067px) 100vw, 3067px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim\" style=\"background-color:#042340\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-container-core-cover-is-layout-00d652c3 wp-block-cover-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<h3 class=\"wp-block-heading is-style-default default has-white-color has-text-color has-link-color has-text-major-sm-font-size wp-elements-44f8c938a6408da54b3e015858748a36\" id=\"h-oil-price-shock-higher-us-inflation-could-weigh-on-consumers\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/oil-price-shock-higher-us-inflation-could-weigh-on-consumers\/\" target=\"_blank\" data-dig-id=\"LP-8-0778305f\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Five themes for the US economy in 2026: Stagflation lite exacerbates growing K-shape divergence\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Oil price shock: Higher US inflation could weigh on consumers<\/a><\/h3>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\"><\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-economics-blocks-rbc-full-width-carousel-slide alignfull carousel-item\">\n<div class=\"wp-block-cover alignfull\" style=\"padding-top:60px;padding-right:60px;padding-bottom:60px;padding-left:60px;min-height:412px;aspect-ratio:unset;\"><img loading=\"lazy\" decoding=\"async\" width=\"3067\" height=\"1850\" class=\"wp-block-cover__image-background wp-image-2612 size-large\" alt=\"\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/06\/CA-small2.png?quality=80&amp;w=1024\" data-object-fit=\"cover\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/CA-small2.png 3067w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/CA-small2.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/CA-small2.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/CA-small2.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/CA-small2.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/CA-small2.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 3067px) 100vw, 3067px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-rbc-bright-blue-background-color has-background-dim-10 has-background-dim\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-container-core-cover-is-layout-00d652c3 wp-block-cover-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<h3 class=\"wp-block-heading has-white-color has-text-color has-link-color has-text-major-sm-font-size wp-elements-01999b0a3d2d74f9b20f12a6cb7157c3\" id=\"h-quarterly-canadian-outlook-growth-headwinds-offset-by-stabilizing-trade-and-jobs\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/quarterly-canadian-outlook\/quarterly-canadian-outlook-growth-headwinds-offset-by-stabilizing-trade-and-jobs\/\" target=\"_blank\" data-dig-id=\"LP-8-d3ac0ae4\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Monthly Forecast Update. Steady as she goes\u2013central banks hold the line in 2026\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Quarterly Canadian outlook: Growth headwinds offset by stabilizing trade and jobs<\/a><\/h3>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\"><\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-economics-blocks-rbc-full-width-carousel-slide alignfull carousel-item\">\n<div class=\"wp-block-cover alignfull\" style=\"padding-top:60px;padding-right:60px;padding-bottom:60px;padding-left:60px;min-height:420px;aspect-ratio:unset;\"><img loading=\"lazy\" decoding=\"async\" width=\"6134\" height=\"3700\" class=\"wp-block-cover__image-background wp-image-3111 size-large\" alt=\"\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/\/2025\/06\/Generic-Compressed.png?quality=80&amp;w=1024\" data-object-fit=\"cover\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/Generic-Compressed.png 6134w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/Generic-Compressed.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/Generic-Compressed.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/Generic-Compressed.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/Generic-Compressed.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/06\/Generic-Compressed.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 6134px) 100vw, 6134px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-40 has-background-dim wp-block-cover__gradient-background has-background-gradient\" style=\"background:linear-gradient(0deg,rgb(3,26,55) 21%,rgb(23,71,135) 55%)\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-container-core-cover-is-layout-00d652c3 wp-block-cover-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<h3 class=\"wp-block-heading has-white-color has-text-color has-link-color has-text-major-sm-font-size wp-elements-b66ab3e70673de729674359baad2fb4f\" id=\"h-us-supreme-court-ruling-does-not-mean-tariffs-are-going-away\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/us-featured-analysis\/us-supreme-court-ruling-does-not-mean-tariffs-are-going-away\/\" target=\"_blank\" data-dig-id=\"LP-8-8efdbb5f\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Canada\u2019s shifting labour market: Recalibrating \u2018breakeven employment\u2019\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">US Supreme Court ruling does not mean tariffs are going away<\/a><\/h3>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\"><\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-rbc-economics-blocks-rbc-full-width-carousel-slide alignfull carousel-item\">\n<div class=\"wp-block-cover alignfull\" style=\"padding-top:60px;padding-right:60px;padding-bottom:60px;padding-left:60px;min-height:420px;aspect-ratio:unset;\"><img loading=\"lazy\" decoding=\"async\" width=\"3067\" height=\"1850\" class=\"wp-block-cover__image-background wp-image-7692 size-large\" alt=\"\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/Affordability-Decoding-Canadas-uneven-household-experience4.png?quality=80&amp;w=1024\" data-object-fit=\"cover\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/Affordability-Decoding-Canadas-uneven-household-experience4.png 3067w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/Affordability-Decoding-Canadas-uneven-household-experience4.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/Affordability-Decoding-Canadas-uneven-household-experience4.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/Affordability-Decoding-Canadas-uneven-household-experience4.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/Affordability-Decoding-Canadas-uneven-household-experience4.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/03\/Affordability-Decoding-Canadas-uneven-household-experience4.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 3067px) 100vw, 3067px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim\" style=\"background-color:#031b3c\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-container-core-cover-is-layout-00d652c3 wp-block-cover-is-layout-constrained\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<h3 class=\"wp-block-heading has-white-color has-text-color has-link-color has-text-major-sm-font-size wp-elements-7692e35150fbaff8ba265f93f990a1b5\" id=\"h-affordability-decoding-canada-s-uneven-household-realities\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/featured-analysis\/insights\/affordability-decoding-canadas-uneven-household-realities\/\" target=\"_blank\" data-dig-id=\"LP-8-ec45b276\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Affordability: Decoding Canada\u2019s uneven household realities\" rel=\"noreferrer noopener\" class=\"rbc-link-format\">Affordability: Decoding Canada\u2019s uneven household realities<\/a><\/h3>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\"><\/div>\n<\/div>\n<\/div><\/div>\n<\/div>\n<\/div><div class=\"carousel-ctrl mar-t-0\"><button class=\"carousel-prev slick-arrow\" aria-label=\"previous slide\"><\/button><button class=\"carousel-next slick-arrow\" aria-label=\"next slide\"><\/button><div class=\"carousel-indicators\"><\/div><\/div><\/div><\/div>\n\n\n\n<section class=\"wp-block-rbc-section-block  pos-rel pad-t-dbl mob-pad-t-dbl pad-b-dbl mob-pad-b-dbl\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner pad-t-0 mob-pad-t-0 pad-b-0 mob-pad-b-0\" style=\"border-radius:0x\">\n<div class=\"wp-block-group is-layout-constrained wp-container-core-group-is-layout-a4c69c57 wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-layout-constrained wp-container-core-group-is-layout-84b6569d wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading has-text-align-center mar-b-hlf mob-mar-b-hlf\" id=\"h-data-driven-in-depth-analysis-and-unique-insights\">Data-driven, in-depth analysis and unique insights<\/h2>\n\n\n\n<p class=\"has-text-align-center\">RBC Economics is your trusted source for in-depth analysis and valuable insights into the forces shaping households, businesses and markets. With a team of renowned economists, we provide timely data updates, expert commentary, and thematic reports on growth and inflation, fiscal trends, housing markets, international trade, and monetary policies. Stay informed and make smarter decisions by exploring RBC Economics\u2019 insights today.<\/p>\n<\/div>\n\n\n\t\n\t<div class=\"wp-block-tk-spacer id-86a3a01b-482e-4948-88a7-1e98b8be666e\" aria-hidden=\"true\"><\/div>\n\t\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-92515837 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column mar-t-0 mob-mar-t-0 is-layout-flow wp-container-core-column-is-layout-3ca914a4 wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-92515837 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-cover has-custom-content-position is-position-bottom-center pad-t mob-pad-t pad-b mob-pad-b pad-l mob-pad-l pad-r mob-pad-r\" style=\"min-height:280px;aspect-ratio:unset;\"><img loading=\"lazy\" decoding=\"async\" width=\"761\" height=\"584\" class=\"wp-block-cover__image-background wp-image-4468 size-full\" alt=\"\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/11\/CA-menu-banner3.png?quality=80\" data-object-fit=\"cover\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/11\/CA-menu-banner3.png 761w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/11\/CA-menu-banner3.png?resize=300,230 300w\" sizes=\"auto, (max-width: 761px) 100vw, 761px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-rbc-dark-blue-background-color has-background-dim-0 has-background-dim\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-block-cover-is-layout-constrained\">\n<h3 class=\"wp-block-heading has-text-align-center default is-style-default has-white-color has-text-color has-link-color has-text-major-reg-font-size wp-elements-2a13f43f5460714f9b7356e306d5a1fc\" id=\"h-canadian-analysis\" style=\"margin-top:0;margin-right:0;margin-bottom:0;margin-left:0;padding-top:0;padding-right:0;padding-bottom:0;padding-left:0\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/canadian-analysis\/\" data-dig-id=\"LP-8-2830855f\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Canadian\nAnalysis\" class=\"rbc-link-format\">Canadian Analysis<\/a><\/h3>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-cover has-custom-content-position is-position-bottom-center pad-t mob-pad-t pad-b mob-pad-b pad-l mob-pad-l pad-r mob-pad-r\" style=\"min-height:280px;aspect-ratio:unset;\"><img loading=\"lazy\" decoding=\"async\" width=\"761\" height=\"584\" class=\"wp-block-cover__image-background wp-image-4472 size-full\" alt=\"\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/11\/US-menu-banner3.png?quality=80\" data-object-fit=\"cover\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/11\/US-menu-banner3.png 761w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2025\/11\/US-menu-banner3.png?resize=300,230 300w\" sizes=\"auto, (max-width: 761px) 100vw, 761px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-0 has-background-dim\" style=\"background-color:#134b5b\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-block-cover-is-layout-constrained\">\n<h3 class=\"wp-block-heading has-text-align-center mob-pad-t is-style-default default has-white-color has-text-color has-link-color has-text-major-reg-font-size wp-elements-9819ea13f36d61fb30be6badf08f6f4f\" id=\"h-u-s-analysis\" style=\"padding-right:0;padding-left:0\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/us-analysis\/\" data-dig-id=\"LP-8-3eca7027\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"U.S.\nAnalysis\" class=\"rbc-link-format\">U.S. Analysis<\/a><\/h3>\n<\/div><\/div>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-cover has-custom-content-position is-position-bottom-center pad-t mob-pad-t pad-b mob-pad-b pad-l mob-pad-l pad-r mob-pad-r\" style=\"min-height:280px;aspect-ratio:unset;\"><img loading=\"lazy\" decoding=\"async\" width=\"7917\" height=\"2917\" class=\"wp-block-cover__image-background wp-image-7143 size-large\" alt=\"\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/MFU-Main-Page-Updated.png?quality=80&amp;w=1024\" data-object-fit=\"cover\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/MFU-Main-Page-Updated.png 7917w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/MFU-Main-Page-Updated.png?resize=300,111 300w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/MFU-Main-Page-Updated.png?resize=768,283 768w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/MFU-Main-Page-Updated.png?resize=1024,377 1024w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/MFU-Main-Page-Updated.png?resize=1536,566 1536w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/MFU-Main-Page-Updated.png?resize=2048,755 2048w\" sizes=\"auto, (max-width: 7917px) 100vw, 7917px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-0 has-background-dim\" style=\"background-color:#022641\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-block-cover-is-layout-constrained\">\n<h3 class=\"wp-block-heading has-text-align-center has-white-color has-text-color has-link-color has-text-major-reg-font-size wp-elements-86919fcccc40f3c593566c2a9ff7c8ab\" id=\"h-monthly-forecast-update\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/monthly-forecast-update\/\" data-dig-id=\"LP-8-a528a517\" data-dig-category=\"LP\" data-dig-action=\"link click\" data-dig-label=\"Monthly Forecast Update\" class=\"rbc-link-format\">Monthly Forecast Update<\/a><\/h3>\n<\/div><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-vertically-aligned-stretch is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<div class=\"wp-block-cover has-custom-content-position is-position-bottom-center pad-t mob-pad-t pad-b mob-pad-b pad-l mob-pad-l pad-r mob-pad-r\"><img loading=\"lazy\" decoding=\"async\" width=\"792\" height=\"1230\" class=\"wp-block-cover__image-background wp-image-7140 size-large\" alt=\"\" src=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/Podcast-Main-Page-Updated.png?quality=80&amp;w=659\" data-object-fit=\"cover\" srcset=\"https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/Podcast-Main-Page-Updated.png 792w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/Podcast-Main-Page-Updated.png?resize=193,300 193w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/Podcast-Main-Page-Updated.png?resize=768,1193 768w, https:\/\/www.rbc.com\/en\/economics\/wp-content\/uploads\/sites\/23\/2026\/02\/Podcast-Main-Page-Updated.png?resize=659,1024 659w\" sizes=\"auto, (max-width: 792px) 100vw, 792px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim-0 has-background-dim\" style=\"background-color:#092642\"><\/span><div class=\"wp-block-cover__inner-container is-layout-constrained wp-block-cover-is-layout-constrained\">\n<h3 class=\"wp-block-heading has-text-align-center has-white-color has-text-color has-link-color has-text-major-reg-font-size wp-elements-b39865507d05f5da16c95d009f4988ac\" id=\"h-podcast\"><a href=\"https:\/\/www.rbc.com\/en\/economics\/2025\/09\/18\/the-10-minute-take\/\" 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