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Stock impact report

GDP report set to show just initial wave of coronavirus damage as Fed vows continued aid [USA TODAY]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Company Research Source: USA TODAY
CLOSEAs governments grapple with when and how to reopen, people in NYC are mixed on when they would feel safe opening up the economy. (14 April)AP DomesticCONNECTTWEETLINKEDINEMAILMOREA report Wednesday on the economy’s severe contraction during the first three months of the year will provide the first sweeping snapshot of the early damage wrought by the coronavirus pandemic, but the ugly numbers will likely be dwarfed by the current quarter’s historic free fall.Later Wednesday, the Federal Reserve is expected to fill out the grisly picture by downgrading its view of the economy and renewing its vow to do whatever it takes to help the nation weather the storm and bolster an expected recovery in the second half of the year. No major new policy actions are expected.Economists surveyed by Bloomberg estimate the Commerce Department will report that gross domestic product fell an annual rate of 3.8% in the first quarter, which would be the steepest drop since the depths of the Great Recess Show less Read more
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