Free Trial

*RBC predicts recession for country with.....>

CANADA
CANADA: *RBC predicts recession for country with GDP falling at annualized rates
of -2.5% in Q2 and -0.8% in Q3. 
*Central bank will cut rates another 100bps on virus damage and drop in oil
prices, taking it to match a record low of 0.25%
*GDP will be +0.8% in Q1, RBC says
*"Our baseline assumption is that the impact of the virus will run its course by
the end of the first half of the year however the persistence of low oil prices
will prevent the economy from recovering" RBC report says.
*Note, earlier this week Scotiabank said fiscal and monetary stimulus will keep
economy from recession

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.