The RBC GAM Economics and Strategy team is focused on identifying, interpreting and forecasting key economic and market themes and risks. Insights are then put to several uses within the firm.

Improve investment decisions

We are a resource for portfolio managers to help them enhance their investment decision-making.

Advance tactical asset allocation

The RBC GAM tactical asset allocation committee determines the top-down investment decisions regarding the choice of asset classes, sectors and geographic exposure.

Share knowledge

We educate partners and clients via a range of written publications, multi-media offerings and in-person presentations.

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Economic data

The growth outlook, the stage of the business cycle, the risk of recession, the path for inflation, the trajectory of central banks and fiscal authorities, and the outlook for the labour market and productivity

Financial market variables

Interest rates, inflation, corporate profitability, fixed-income and equity-market valuations, exchange rates, style factors, investor sentiment and other technical indicators

Long-term trends

Changing demographics, de-globalization, rising indebtedness, the shift to a multipolar world, innovation, the economic ascent of large emerging market nations like China, and climate change

Macro forces

The impact of pandemics, wars, trade wars, geopolitical tensions, population growth and sovereign debt crises

Our analytical toolkit

We review economic and market data, historical experiences and economic literature. We consider consensus pricing, momentum and mean-reverting strategies, and a variety of heuristics. We have also evolved our own proprietary econometric and valuation modelling techniques.

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Our collaborative process

Our analytic work is further informed by conversations and debates with other investment professionals, both inside and outside of RBC GAM.

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Our broad-based forecasts

Our forecasts are usually generated within the context of probabilities and a variety of scenarios. This reflects the imprecision of economic and financial market outlooks.

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