Canada Cyclical Rebound Expected by Q2 2026, BoC Steady - RBC
RBC economist Claire Fan forecasts a cyclical rebound for Canada's economy in Q2 2026, supported by household spending, business investment, and net exports, while the Bank of Canada maintains a steady stance.
Royal Bank of Canada economist Claire Fan expects Canada's economy to stage a cyclical rebound by the second quarter of 2026. The recovery is seen underpinned by resilient household spending, a pickup in business investment, and expanding net exports.
The Bank of Canada is anticipated to hold its current policy stance through this period, providing a stable backdrop for growth. Fan's analysis points to a gradual strengthening of domestic demand rather than a sharp turnaround, with external trade also contributing positively.
RBC's outlook does not specify numerical targets but emphasizes the steady hand of the BoC as a key factor in the projected rebound.
Source: FXStreet Forex News