{"id":11617,"date":"2025-05-14T15:06:57","date_gmt":"2025-05-14T15:06:57","guid":{"rendered":"https:\/\/www.rbc.com\/en\/?post_type=rbc_tl&#038;p=11617\/"},"modified":"2025-05-14T15:08:26","modified_gmt":"2025-05-14T15:08:26","slug":"rbc-economics","status":"publish","type":"rbc_tl","link":"https:\/\/www.rbc.com\/en\/thought-leadership\/rbc-economics\/","title":{"rendered":"Economics"},"content":{"rendered":"\n<section class=\"wp-block-rbc-section-block  pos-rel\" style=\"border-radius:0px\">\n<div class=\"wp-block-rbc-section-inner-block  section-inner\" style=\"border-radius:0x\">\t\t<div class=\"most-recent-by-taxonomy-jscroll jscroll-wrapper\">\n\t\t\t\t\t\t<div class=\"wp-block-rbc-most-recent-by-taxonomy most-recent-by-taxonomy-is-template-type-3\">\n\t\t\t\t\t\n<div class=\"jscroll-item\" data-post-id=\"21991\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/us-week-ahead-feds-fog-thickens-with-no-october-inflation-data\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png 3067w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tUS Week Ahead: Fed&#8217;s fog thickens with no October inflation data\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">November 7, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/us-week-ahead-feds-fog-thickens-with-no-october-inflation-data\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\n<div class=\"jscroll-item\" data-post-id=\"21917\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/canadian-labour-markets-improved-in-october\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/CA-Jobs-NEW.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/CA-Jobs-NEW.png 3067w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/CA-Jobs-NEW.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/CA-Jobs-NEW.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/CA-Jobs-NEW.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/CA-Jobs-NEW.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/CA-Jobs-NEW.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tCanadian labour markets improved in October\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">November 7, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/canadian-labour-markets-improved-in-october\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\n<div class=\"jscroll-item\" data-post-id=\"5997\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/forward-guidance-our-weekly-preview\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png 3067w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/FG-WA.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tForward Guidance: Our Weekly Preview\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">November 7, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/forward-guidance-our-weekly-preview\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\n<div class=\"jscroll-item\" data-post-id=\"21906\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/ontario-2025-fall-review-mostly-status-quo\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Ontario-Budget-Compressed4.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Ontario-Budget-Compressed4.png 3067w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Ontario-Budget-Compressed4.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Ontario-Budget-Compressed4.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Ontario-Budget-Compressed4.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Ontario-Budget-Compressed4.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Ontario-Budget-Compressed4.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tOntario 2025 Fall Review: Mostly status quo\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">November 6, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/ontario-2025-fall-review-mostly-status-quo\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\n<div class=\"jscroll-item\" data-post-id=\"21879\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/fall-doesnt-ignite-activity-across-many-canadian-housing-markets\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Housing-B-compressed-banner.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Housing-B-compressed-banner.png 6134w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Housing-B-compressed-banner.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Housing-B-compressed-banner.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Housing-B-compressed-banner.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Housing-B-compressed-banner.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/11\/Housing-B-compressed-banner.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tFall doesn\u2019t ignite activity across many Canadian housing markets\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">November 6, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/fall-doesnt-ignite-activity-across-many-canadian-housing-markets\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\n<div class=\"jscroll-item\" data-post-id=\"21822\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/featured-insights\/high-stakes-narrow-margins-canadas-federal-budget-bets-on-investment-led-growth\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/budget-prev-banner.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/budget-prev-banner.png 3067w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/budget-prev-banner.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/budget-prev-banner.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/budget-prev-banner.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/budget-prev-banner.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/10\/budget-prev-banner.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tHigh stakes, narrow margins: Canada&#8217;s federal budget bets on investment-led growth\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">November 5, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/featured-insights\/high-stakes-narrow-margins-canadas-federal-budget-bets-on-investment-led-growth\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\n<div class=\"jscroll-item\" data-post-id=\"21761\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/us-week-ahead-dont-focus-on-data-blip-in-october-employment-report\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png 6134w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" style=\"object-fit: cover; object-position: 76% 46%;\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tUS Week Ahead: Don&#8217;t focus on data blip in October employment report\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">October 31, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\tThe reality is that the October NFP print will be significantly distorted by the government shutdown. \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/us-week-ahead-dont-focus-on-data-blip-in-october-employment-report\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\n<div class=\"jscroll-item\" data-post-id=\"21730\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/featured-insights\/canadian-gdp-on-track-for-slow-but-positive-q3-growth\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/GDP2_6b49f4.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/GDP2_6b49f4.png 3067w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/GDP2_6b49f4.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/GDP2_6b49f4.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/GDP2_6b49f4.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/GDP2_6b49f4.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/GDP2_6b49f4.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tCanadian GDP on track for slow but positive Q3 growth\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">October 31, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\tCanadian GDP contracted by 0.3% in August, falling short of both our expectations and Statistics Canada&#039;s advance estimate.\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/featured-insights\/canadian-gdp-on-track-for-slow-but-positive-q3-growth\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\n<div class=\"jscroll-item\" data-post-id=\"21689\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/oh-snap-u-s-government-shutdown-could-have-bigger-impact-than-initially-expected\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png 6134w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tWith SNAP pause, US government shutdown could have bigger impact than initially expected\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">October 30, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\tThe $8 billion paid in monthly SNAP benefits represents around 10% of retail grocery sales.\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/oh-snap-u-s-government-shutdown-could-have-bigger-impact-than-initially-expected\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\n<div class=\"jscroll-item\" data-post-id=\"21665\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/fomc-decision-october-cut-delivered-as-expected-but-the-fog-is-rolling-in\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png 6134w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/US-compressed.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tFOMC Decision: October cut delivered as expected but the fog is rolling in\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">October 29, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\tToday\u2019s widely anticipated 25 basis-point cut reflects continued concern for the labor side of the Fed\u2019s mandate.\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/fomc-decision-october-cut-delivered-as-expected-but-the-fog-is-rolling-in\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\n<div class=\"jscroll-item\" data-post-id=\"21628\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/featured-insights\/boc-warns-of-structural-economic-damage-from-tariffs\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"618\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/CA-small2.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/CA-small2.png 3067w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/CA-small2.png?resize=300,181 300w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/CA-small2.png?resize=768,463 768w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/CA-small2.png?resize=1024,618 1024w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/CA-small2.png?resize=1536,927 1536w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/06\/CA-small2.png?resize=2048,1235 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tBoC warns of structural economic damage from tariffs\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">October 29, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\tThe central bank has adopted a clear holding basis, and there&#039;s an emphasis on structural economic damage from trade disruptions. \t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/featured-insights\/boc-warns-of-structural-economic-damage-from-tariffs\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\n<div class=\"jscroll-item\" data-post-id=\"10938\">\n\t<article class=\"post-card thought-leadership-template\">\n\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/forward-guidance-our-weekly-preview-2\/\">\n\t\t\t\t\t<div class=\"post-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"584\" height=\"300\" src=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/04\/Generic-v1-_-Banner-Small-_-584-x-300-px-1-1.png?quality=80\" class=\"attachment-full size-full wp-post-image\" alt=\"RBC Economics\" srcset=\"https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/04\/Generic-v1-_-Banner-Small-_-584-x-300-px-1-1.png 584w, https:\/\/www.rbc.com\/en\/wp-content\/uploads\/sites\/4\/2025\/04\/Generic-v1-_-Banner-Small-_-584-x-300-px-1-1.png?resize=300,154 300w\" sizes=\"auto, (max-width: 584px) 100vw, 584px\" \/>\t\t\t<\/div>\n\t\t\t\t<div class=\"post-content\">\n\t\t\t<h4 class=\"post-title\">\n\t\t\t\tForward Guidance: Our Weekly Preview\t\t\t<\/h4>\n\t\t\t\t\t\t\t<p class=\"post-date\">April 17, 2025<\/p>\n\t\t\t\t\t\t\t\t<div class=\"post-description\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<a class=\"post-link\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/economics\/forward-guidance-our-weekly-preview-2\/\">Learn More<\/a>\n\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/article>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<div class=\"infinite-handle rbc-load-more-button-container text-center mob-pad-t-hlf pad-t\">\n\t\t\t\t\t\t<a href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/rbc-economics\/?current_page=2\" class=\"btn tertiary mar-t-0 rbc-load-more\">\n\t\t\t\t\t\t\tLoad More\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t<!-- Different markup between back-end server side render and front-end -->\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<p class=\"category-results text-center mar-t-hlf text-xs\"><span>1<\/span> of 5<\/p>\t\t\n\t\t<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":79,"featured_media":0,"parent":0,"menu_order":0,"template":"templates\/template-tl-category-page.php","meta":{"_acf_changed":false,"disable_focal_point":true,"featured_image_focal_point":{"x":0.5,"y":0.5},"advgb_blocks_editor_width":"","advgb_blocks_columns_visual_guide":"","footnotes":""},"rbc_tl_category":[],"rbc_tl_tag":[],"class_list":["post-11617","rbc_tl","type-rbc_tl","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economics - RBC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.rbc.com\/en\/thought-leadership\/rbc-economics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta 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