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Royal Bank of Canada Price Target Raised to C$163.00/Share From C$156.00 by Desjardins Securities
Express News | Shares of Banking Companies Are Trading Lower Amid Overall Market Weakness on US Economic Concerns
Royal Bank of Canada Hits All-time High
Deutsche Bank, RBC Plan $4.5 Billion Debt Sale for R1 RCM Purchase, Bloomberg Says
The economic recession indicators send warning signals, but the post-pandemic era makes the situation more confusing.
Forecasting the labor market downturn has never been an easy task. But the unique dynamics of the post-pandemic era have made it even more difficult for economists to determine whether the recent rise in US unemployment rates signals trouble ahead. The monthly employment data, to be released on Friday, could add fuel to the debate. The unemployment rate has risen each month over the past three months and is now approaching a recession indicator developed by former Fed economist Claudia Sahm that has had a perfect track record over the past half-century. Other traditional leading indicators, such as temporary employment and resignation rates, have also been flashing warning signals.
RBC to Announce Third Quarter Results on August 28, 2024