The 10-Minute Take

Rising consumer prices since the pandemic have added to significant cost-of-living challenges for households in North America. Prices for essential items like food and shelter in Canada and the U.S. have risen at a...

The first Joint Review of CUSMA is underway. With U.S. tariffs still in place and trade tensions high, there's significant anxiety about what happens next. The good news: No extension on July 1 doesn't mean a...

The U.S. Federal Reserve’s policy meeting in June marked Kevin Warsh's first as Chair—and it came with a clear shift in focus. Inflation dominated the press conference, while the labor market received minimal attention...

The 2026 FIFA World Cup has officially started with games spanning cities across North America, drawing spectators from all over the world. But as it creates buzz, it won't distract from the headwinds still facing...

U.S. headline inflation just posted its hottest print in nearly three years, driven by surging energy prices and sticky core inflation pressures. At the same time, labour market data is looking solid, and growth hasn’t...

Softening in Canada’s headline labour market data this year masks a more encouraging underlying story. Job losses remain concentrated in tariff-exposed sectors, layoffs are declining, and hiring is beginning to...

U.S. productivity growth is strong, business investment in information processing and equipment has surged, and headlines about AI replacing jobs are growing louder. But, how much of this is actually attributable to AI...

Global oil prices remain high as the Middle East conflict persists, raising questions about a potential comeback of the broad-based inflation Canada experienced during and after the pandemic. But, this shock is...

Ongoing conflict in the Middle East has pushed global oil prices higher, raising questions about the impact to Canada’s oil-exporting economy. This shock differs fundamentally from the past including 2015’s oil price...

Rising oil prices and its impact on the US economy are continuously evolving, and how long the crisis lasts will be the key determinant of where headline inflation settles. If the shock persists, higher energy prices...

The U.S. Supreme Court’s decision against the use of the International Emergency Economic Powers Act (IEEPA) to impose broad-based tariffs is far from the end of the U.S. tariff story. The administration has already...

One month into 2026, U.S. inflation continues to run above 2% for a fifth consecutive year—and the reason goes beyond a single cause. Some recent data—including easing in core services and vehicle prices—might suggest...

Canada's extreme trade concentration—with 75% of energy exports and 77% of manufacturing exports going to the U.S. in 2024—has left the country vulnerable to protectionist trade policies. While 2025 data shows...

We're back for season four! In this season premiere, join RBC Economics’ Claire Fan and Carrie Freestone as they cut through the noise and reveal themes that matter for the Canadian and U.S. economies in 2026. Despite a...

Trade disruptions in 2025 took a toll on Canada-U.S. relations after decades of coordination and integration. Still, the two economies are more similar than many may appreciate.  In this season finale of the...