CIBC

There is an undercurrent in economic circles right now that basically boils down to this: The Fed should cut rates by 50 basis points, but it is more likely to cut them by 25 basis points.Rick Rader of BlackRock Bloomberg was on Earlier…

On Friday, CIBC raised its target price on shares of Well Health Technologies Corp. (WELL:CN) (OTC:WLYYF) to C$5.00, up from C$4.75, while maintaining a neutral rating on the stock. The revision comes after Well Health reported…

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The Bank of Canada is scheduled to meet on July 24, and economists are increasingly confident that interest rates will be cut. This is also reflected in interest rate derivatives, which now show a 93% chance of a rate cut.The consumer price…

Amnesty International ImageIn a report released late yesterday, CIBC raised its gold price forecasts significantly, predicting a more bullish outlook for bullion, especially in the event of a Trump presidency.Main points:gold:2024The new…

Canada employment chart March 2024Canada's jobs report showed a decline of 2.2K jobs in February, worse than the +25K reading expected. The headline is even worse than it looks when you consider runaway growth in Canadian immigration that…

Canada added 37.3K jobs in January compared to 15K expected. The unemployment rate fell to 5.7% from 5.9% as labor force participation also slipped. "Although labour market conditions remain looser than they were a year ago, today’s data…

Canadian retail salesCIBC highlights a mixed picture in today's Canadian retail sales report but emphasizes that any strength won't extend into 2024.November Canadian retail sales fell 0.2% in November compared to 0.0% expected with sales…

Fed Chair PowellThe November jobs report showed there is still some sizzle left in the labour market, CIBC notes after today's release.The data showed 199K jobs added, better than 180K. The unemployment rate also fell to 3.7% from 3.9% in a…

CIBC today indicates that next week it will upwardly revise its forecasts for US economic growth and pencil in an additional Fed hike this year.That move goes against the current prevailing market thinking that has the Fed stuck on the…