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Stock impact report

Posthaste: A metric that tells how Canadians are really doing is improving for the first time in three years [Yahoo! Finance Canada]

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
But below the surface, rising interest rates and unemployment were creating conditions for Canadian households “functionally indistinguishable from a recession,” said Royal Bank of Canada economists in a report out yesterday. Even before the trade war shook Canada's economy, per capita, or per person, gross domestic product was declining, even as overall GDP grew by 2 per cent in both 2023 and 2024 — a situation RBC calls “historically unique.” Canada gained 2.1 million residents between 2022 and 2024 and this decades-high population boom masked the harsher reality going on in the background. Households saw their buying power shrink, pressured by higher interest rates and even higher inflation . As consumer demand weakened, more people were competing for fewer jobs, and unemployment soared. Canada might not have been in a recession , but for many Canadians it sure felt like it. “Now, the reverse is happening,” said the RBC economists led by Frances Donald. “Per-capita GDP Show less Read more
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