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RBC economists review Canadian and U.S. economic data releases.

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Report NameRelease Date
Trade war sours Canadian housing market sentiment and recoveryApril 15, 2025
Improving housing affordability in Canada takes a backseatMarch 31, 2025
Rate cuts drive optimism for Canadian businessesJanuary 20, 2025
Fed expects less rate cuts in 2025 and 2026December 18, 2024
Future Fed policy decisions still data dependent after 25 bps cutNovember 7, 2024
Business survey gives green light for larger rate cutsOctober 11, 2024
Fed cuts 50 basis points with more to comeSeptember 18, 2024
Canada’s debt servicing ratio ticked up to 15% in Q2September 12, 2024
Canadian labour markets continue to softenSeptember 6, 2024
Softening in U.S. jobs market shows no signs of stoppingSeptember 6, 2024
Canadian labour markets continued to cool in JulyAugust 9, 2024
U.S. unemployment rate rose to 4.3% in JulyAugust 2, 2024
U.S. Fed puts September rate cut on the tableJuly 31, 2024
Business Outlook Survey flags slowing inflationJuly 15, 2024
Canadian CPI growth ticked higher in MayJune 25, 2024
Canadian household debt payments rose again in Q1June 13, 2024
U.S. inflation slowed in MayJune 12, 2024
U.S. Fed expects one rate cut this yearJune 12, 2024
Strength in U.S. labour market stretching on in MayJune 7, 2024
Canadian labour markets continued to cool in MayJune 7, 2024
BoC starts to move interest rates lowerJune 5, 2024
Another Canadian per-capita GDP decline clears the way for rate cutsMay 31, 2024
Canadian inflation pressures eased again in AprilMay 21, 2024
April saw a small relief in surging U.S. inflationMay 15, 2024
Canadian employment jumped higher in AprilMay 10, 2024
Job growth in the U.S. slowed in AprilMay 3, 2024
U.S. Fed held interest rates unchanged in MayMay 1, 2024
Canadian GDP growth slowed late in Q1April 30, 2024
U.S. GDP growth decelerated in Q1, but price growth ticked higherApril 25, 2024
Higher energy prices masked another downside Canadian inflation surprise in MarchApril 16, 2024
U.S. inflation inched higher with strong detailsApril 10, 2024
BoC holds interest rates but confidence building that cuts are comingApril 10, 2024
Canadian unemployment rate rose again in MarchApril 5, 2024
U.S. job gain remains larger than expected in MarchApril 5, 2024
Bank of Canada Q1 BOS survey confirms easing inflation pressuresApril 1, 2024
End of Quebec public sector strike boosts Canadian GDP in JanuaryMarch 28, 2024
U.S. Fed still expecting rate cuts but risks tilted to slower paceMarch 20, 2024
Another downside surprise in Canadian February CPIMarch 19, 2024
Canada’s debt servicing ratio held steady despite massive accumulation in new consumer creditMarch 13, 2024
Small relief in February’s US CPI printMarch 12, 2024
Canadian unemployment rate edged higher in FebruaryMarch 8, 2024
U.S. job growth still solid in FebruaryMarch 8, 2024
BoC holds rates steady in March with dovish leanMarch 6, 2024
Canadian per-capita GDP declined again in Q4February 29, 2024
Canadian January CPI growth edged into the BoC’s target rangeFebruary 20, 2024
U.S. CPI growth shows underlying signs of inflation reaccelerationFebruary 13, 2024
Canadian labour markets unexpectedly firmed early in 2024February 9, 2024
U.S. jobs market strength persist in JanuaryFebruary 2, 2024
Canadian GDP ticked higher in Q4 2023January 31, 2024
U.S. Fed holds rates unchanged againJanuary 31, 2024
U.S. GDP strong in Q4 alongside moderate price growthJanuary 25, 2024
BoC holds rates steady with talks shifting to timing of cutsJanuary 24, 2024
December Canadian headline CPI rose to 3.4% on mixed detailsJanuary 16, 2024
Bank of Canada Q4 BOS confirms softening economic backdropJanuary 15, 2024
December U.S. inflation showed marginal upside surpriseJanuary 11, 2024
Run of softer Canadian GDP data extended in OctoberDecember 22, 2023
The Canadian headline CPI held at 3.1% in NovemberDecember 19, 2023
The Fed stayed on the bench again with timing of rate cuts “coming into view”December 13, 2023
Moderating US inflation pressures extended in NovemberDecember 12, 2023
U.S. unemployment edged lower in NovemberDecember 8, 2023
BoC remains on hold, emphasizing weakened economic backdropDecember 6, 2023
Canadian labour markets softened further in NovemberDecember 1, 2023
Canadian GDP declined in Q3November 30, 2023
Canadian CPI dropped to 3.1% in OctoberNovember 21, 2023
U.S. price growth eased again in OctoberNovember 14, 2023
Tight U.S. labour markets continued to ease in OctoberNovember 3, 2023
Canadian unemployment rate up again in OctoberNovember 3, 2023
Ontario fall fiscal update strikes a more sombre toneNovember 2, 2023
U.S. Fed pauses interest rate hike for the second time in a rowNovember 1, 2023
New 2024-2026 federal immigration targets flat amid policy tweaksNovember 1, 2023
Canadian GDP edging lower in Q3October 31, 2023
U.S. economy defied gravity in Q3 with 4.9% GDP gainOctober 26, 2023
BoC extends pause on rate hikes, and expects slower growthOctober 25, 2023
Canadian inflation pressures (finally) edged lower in SeptemberOctober 17, 2023
Canada’s Q3 BOS survey flagged softer demand backdrop against elevated inflation expectationsOctober 16, 2023
U.S. inflation pressures ticked higher in SeptemberOctober 12, 2023
Canadian employment up sharply again in SeptemberOctober 6, 2023
U.S. unemployment rate held steady in SeptemberOctober 6, 2023
July marks a soft start to Q3 Canadian GDP growthSeptember 29, 2023
Record population growth masks slower economic conditions in CanadaSeptember 28, 2023
U.S. Fed skips September rate hikeSeptember 20, 2023
Canadian inflation pressures accelerated in AugustSeptember 19, 2023
Broader U.S. price pressures muted in AugustSeptember 13, 2023
Canadian employment still rising, but so is unemploymentSeptember 8, 2023
BoC hits (hopeful) pause on rate hikesSeptember 6, 2023
Canadian GDP growth edged lower in Q2September 1, 2023
US unemployment rate higher in AugustSeptember 1, 2023
Canadian inflation pressures persisting in JulyAugust 15, 2023
Inflation pressures keep receding in the U.S.August 10, 2023
Tight US labour market not letting up, yetAugust 4, 2023
Canadian labour market tightness eases into JulyAugust 4, 2023
Canadian GDP growth picked up pace in MayJuly 28, 2023
U.S. GDP growth accelerated in Q2July 27, 2023
US Fed ‘data dependent’ after July rate hikeJuly 26, 2023
Annual Canadian inflation slowed to 2.8% in JuneJuly 18, 2023
U.S. inflation eased more than expected in JuneJuly 12, 2023
Bank of Canada ‘data dependent’ after July rate hikeJuly 12, 2023
Canadian labour markets still firm in JuneJuly 7, 2023
U.S. posted moderate job growth in JuneJuly 7, 2023
BOS Survey flagging softening business sentiment in Q2June 30, 2023
Canadian inflation rate slowed sharply in MayJune 27, 2023
Canadian household debt servicing costs rose again in Q1June 14, 2023
Fed “skips” June interest rate hike, but hints at more to comeJune 14, 2023
U.S. inflation dropped to 4% in MayJune 13, 2023
Canadian employment declined in May despite population surgeJune 9, 2023
Bank of Canada remains proactive with 25 bp rate hikeJune 7, 2023
U.S. unemployment rate ticked up in May despite payroll increaseJune 2, 2023
Canadian GDP resilience stretching into Q2May 31, 2023
Canadian inflation picked up in AprilMay 16, 2023
U.S. inflation inched down again in AprilMay 10, 2023
Canadian labour markets still firm in AprilMay 5, 2023
Momentum extended in U.S. labour market in AprilMay 5, 2023
Fed hikes but opens the door to a pauseMay 3, 2023
Prairie provinces topped the 2022 growth rankingsMay 1, 2023
Canada GDP growth slowing after January surgeApril 28, 2023
March brought more improvements in Canadian CPIApril 18, 2023
Canadian employment up again in MarchApril 6, 2023
Bank of Canada’s Q1 Business Outlook Survey flags building growth headwinds and easing inflationApril 3, 2023
Canadian GDP on track for a modest increase in Q1 2023March 31, 2023
With a dovish 25 bp hike, the Fed’s tightening cycle is nearing an endMarch 22, 2023
Slowing Canadian inflation keeping BoC on the sidelineMarch 21, 2023
Inflation pressures continued to moderate in the U.S. in FebruaryMarch 14, 2023
Canadian labour markets still strong in FebruaryMarch 10, 2023
U.S. payroll (relatively) firm in FebruaryMarch 10, 2023
BoC officially moves to the sidelinesMarch 8, 2023
Canadian GDP growth paused in Q4 before January gainFebruary 28, 2023
Canadian CAPEX survey suggests 4.3% ($13B) boost to capital investment in 2023February 28, 2023
More green shoots in Canadian inflation in JanuaryFebruary 21, 2023
U.S. inflation pressures eased less than expected in JanuaryFebruary 14, 2023
Canada added 150K jobs in January; no sign of labour markets losing steamFebruary 10, 2023
Surging January U.S. employment adds upside to the FedFebruary 3, 2023
Fed’s downshift suggests rapid tightening cycle is nearing an endFebruary 1, 2023
Canadian GDP growth continuing to slowJanuary 31, 2023
BoC rate hiking cycle appears to be overJanuary 25, 2023
Canadian CPI growth slowed further in DecemberJanuary 17, 2023
The good, the bad and the ugly from latest Bank of Canada BOS surveyJanuary 16, 2023
More easing in December’s US inflation report won’t stop the Fed (yet)January 12, 2023
Canada added over 100K new jobs in December as labour market momentum holds upJanuary 6, 2023
U.S. employment ended 2022 with above-trend job growthJanuary 6, 2023
Canadian GDP growth stalling into the winterDecember 23, 2022
Easing Canadian inflation pressures took a pause in NovemberDecember 21, 2022
Fed slows its tightening cycle but maintains hawkish messagingDecember 14, 2022
More green shoots in U.S. November inflation reportDecember 13, 2022
BoC’s hawkish(ish) 50 bp hike could be its lastDecember 7, 2022
Canadian employment edged up 10k in NovemberDecember 2, 2022
U.S. job growth showed unexpected momentum in NovemberDecember 2, 2022
Canadian Q3 GDP up more than expected, but details softNovember 29, 2022
Growth expectations among Canadian businesses resilient in Q4November 25, 2022
Easing inflation pressures in October draws BoC closer to the end of hiking cycleNovember 16, 2022
2021 in review: Almost all provinces enjoyed sharp economic reboundsNovember 10, 2022
U.S. inflation showed very early signs of easing in OctoberNovember 10, 2022
Canadian employment surged 108k in OctoberNovember 4, 2022
U.S. job growth slowing but still above trend in OctoberNovember 4, 2022
Another big hike from the Fed, but is a downshift coming?November 2, 2022
U.S. GDP bounced back in Q3 but outlook weakeningOctober 27, 2022
BoC’s half point hike suggests peak is nearOctober 26, 2022
Canadian businesses expect lower inflation and slower growth in Q3 BOSOctober 17, 2022
Canadian employment edged higher in SeptemberOctober 7, 2022
U.S. labour markets nearing peak conditions in SeptemberOctober 7, 2022
Canadian GDP growth leveling off in the summerSeptember 29, 2022
Another 75 basis point hike from the Fed, and more on the waySeptember 21, 2022
Canadian inflation pressures further eased in AugustSeptember 20, 2022
Lower net worth, higher debt payments, to further squeeze household spendingSeptember 13, 2022
U.S. core inflation accelerated in AugustSeptember 13, 2022
Canadian employment down for third straight month in AugustSeptember 7, 2022
U.S. unemployment rate ticked higher in AugustSeptember 2, 2022
Canadian GDP growth slowing into the summerAugust 31, 2022
Labour shortages and rising interest rates headline Canadian Q3 business concernsAugust 30, 2022
Canadian inflation dropped lower in JulyAugust 16, 2022
U.S. inflation surprised on the downside in JulyAugust 10, 2022
U.S. payroll surprised with a big gain in JulyAugust 5, 2022
Another month of lower employment in July signals labour market losing steamAugust 5, 2022
Canadian GDP growth remained flat in MayJuly 29, 2022
U.S. economy contracted again in Q2July 28, 2022
Fed delivers another 75 bps rate hikeJuly 27, 2022
U.S. inflation hit a boiling point in JuneJuly 13, 2022
Forceful BoC surprises with 100 bp hikeJuly 13, 2022
Another solid U.S. payroll report in JuneJuly 8, 2022
Canadian employment edged lower in June as wages surgedJuly 8, 2022
Canadian business confidence holding up as inflation headwinds buildJuly 4, 2022
Canadian GDP growth starting to slowJune 30, 2022
May Canadian inflation highest since 1983June 22, 2022
Fed steps up its inflation fight with 75 bp hikeJune 15, 2022
U.S. CPI Growth heats up in MayJune 15, 2022