RBC bumps up Canadian and US growth forecasts, sees Fed and BoC frozen through 2026

RBC raised its Q2 Canadian GDP tracking estimate to 2.2% annualized from 1.7% previously. After two quarters of stagnation, the drivers are the usual suspects: resilient household spending (impressive given what gasoline prices did to buying power this spring), recovering business investment, and net trade set to add significantly. The annual 2026 number ed…

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