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business owner with open sign

High vaccine rates have sharply curbed deaths, but hospitals are still strained

map of Canada

Virus variants and supply shortages weigh on short-term outlook

3679756 - orange stock market world economy abstract background

The organization modestly downgraded its growth forecast for this year

Jimmy Jean

Jimmy Jean, who became chief economist in May, anticipates the economy will grow by 4.9% in 2021

  • By: Leah Golob
  • September 20, 2021 September 17, 2021
  • 00:09

Shortages crimp global growth, cloud Canada's outlook

Fast-paced growth represented by flying numbers on highway

Leading indicators see weakening in still-strong recoveries

face mask covid19

Cases are still rising in Canada, but they're starting to fall elsewhere

map of Canada

RBC cuts 2021 provincial forecasts, despite positive momentum in most regions

Grand opening, cutting red ribbon

Disruptions prove more significant than expected, as demand remains robust

change direction

Since the pandemic began, this is the first such move for a major central bank in Asia