Even as Omicron slams Canada, bets on January rate hike rise [Financial Post (Toronto, Ontario, Canada)]
Royal Bank Of Canada (RY)
Last royal bank of canada earnings: 2/21 06:00 am
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Source: Financial Post
year than in the United States, but that has not stopped investors from raising bets the Bank of Canada will hike interest rates next week. With hospital capacity stretched, Canadian provincial governments have rolled out restrictions that are tighter than in the United States and many other countries to slow the spread of the Omicron variant of the coronavirus. Dressing your dog for the winter Advertisement Advertisement Article content As a result, economists at some of the large Canadian banks expect little or no GDP growth in Canada in the first quarter compared to estimates of about 4% to 5% before the emergence of the variant. “I see much more risk to the Canadian numbers than the U.S. numbers, simply because we are seeing much more important restrictions in Canada,” said Doug Porter, chief economist at BMO Capital Markets. But economists also say that activity is likely to rebound quickly when restrictions are lifted. Investors seem to be counting on it. Money
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RY
Earnings
- 2/28/24 - Beat
RY
Sec Filings
- 5/10/24 - Form 424B2
- 5/10/24 - Form FWP
- 5/10/24 - Form 424B2
- RY's page on the SEC website