<description>&lt;p&gt;Trade disruptions in 2025 took a toll on Canada-U.S. relations after decades of coordination and integration. Still, the two economies are more similar than many may appreciate.&amp;nbsp; &lt;/p&gt;&lt;p&gt;In this season finale of the 10-Minute Take, RBC Economics' Claire Fan and Carrie Freestone round up three common themes shaping both economies this year. They include:&lt;/p&gt;&lt;p&gt;• &lt;strong&gt;Slowing population growth, and how it’s impacted a key labour market benchmark—&lt;/strong&gt;breakeven employment rates.&lt;/p&gt;&lt;p&gt;• &lt;strong&gt;Resilient consumer spending &lt;/strong&gt;holding up despite much trade uncertainty and deteriorating job market conditions.&lt;/p&gt;&lt;p&gt;• &lt;strong&gt;Big government deficits—an ongoing theme in the&lt;/strong&gt; U.S. post-pandemic, but also emerging in Canada as well.&lt;/p&gt;</description>

The 10-Minute Take

The 10-Minute Take

Three common economic trends in Canada and the U.S. in 2025

DEC 18, 202511 MIN
The 10-Minute Take

Three common economic trends in Canada and the U.S. in 2025

DEC 18, 202511 MIN

Description

Trade disruptions in 2025 took a toll on Canada-U.S. relations after decades of coordination and integration. Still, the two economies are more similar than many may appreciate.  In this season finale of the 10-Minute Take, RBC Economics' Claire Fan and Carrie Freestone round up three common themes shaping both economies this year. They include:• Slowing population growth, and how it’s impacted a key labour market benchmark—breakeven employment rates.• Resilient consumer spending holding up despite much trade uncertainty and deteriorating job market conditions.• Big government deficits—an ongoing theme in the U.S. post-pandemic, but also emerging in Canada as well.