CIBC Financial News

03.11 / 14:31

Provident Target economy Nov CIBC country Plateauing Canada's immigration levels 'step in the right direction,' say economists

Prime Minister Justin Trudeau’s government’s decision to not increase its immigration targets this week is being described as a step in the right direction by economists, but they’re urging Ottawa to provide more insight on how they plan to deal with the steep rise in the number of temporary residents.

02.11 / 20:59

Provident FIVE Nov CIBC show country Canadians will likely have to wait until next summer for interest rate cuts: CIBC's Benjamin Tal

Canadians anxious for lower interest rates, especially those looking to renegotiate their mortgages in the near future, will likely have to wait until the middle of next year for the Bank of Canada to start to cut, CIBC economist Benjamin Tal believes.

31.10 / 20:17

Strategy Death President CIBC 2020 reports OSC halts Toronto hedge fund's trades, launches probe after losses and manager's death

The sudden death of a Toronto-based hedge fund manager has prompted an investigation by Ontario’s securities regulator into tens of millions of dollars in losses that the fund appears to have run up.

31.10 / 20:17

Strategy economy CIBC stage country Cameco reports Live news: Mark Carney questions Liberals' carbon tax retreat on home heating oil

Finance Minister Chrystia Freeland says she will meet provincial and territorial finance ministers later this week to discuss the possibility of Alberta’s withdrawal from the Canada Pension Plan (CPP).

27.10 / 16:19

Action Strategy economy CIBC Bitcoin show reports end Dollar edges down as month-end flows weigh

U.S. consumer spending increased more than expected in September, keeping it on a higher growth path heading into the fourth quarter, while monthly inflation was elevated, data on Friday showed. The dollar index, which measures the currency's strength against a basket of six rivals, was 0.1% lower at 106.47, with analysts attributing some of the weakness to month-end flows where investors buy and sell currencies to rebalance their portfolios toward the end of the month.

24.10 / 15:25

COST economy pandemic love CIBC show Posthaste: Bank of Canada expected to hold interest rates, but be prepared for surprises

Signs are growing that Canada’s economy is slowing under the weight of higher interest rates, but is it enough for the Bank of Canada?

23.10 / 23:49

FIVE economy RBC CIBC show reports Bank of Canada expected to hold key interest rate at 5% amid ‘sluggish’ economy

The Bank of Canada is widely expected to hold its key interest rate steady on Wednesday as the Canadian economy bends to higher interest rates and inflation resumes its downward trend.

20.10 / 14:27

UPS Provident Action Strategy Nestle CIBC rock safe Analysis-Swiss franc shines as investors scramble for safe assets

By Naomi Rovnick and John Revill

17.10 / 13:35

COST Lowe's Airlines CIBC reports Inflation ticks down to 3.8% in September as grocery prices ease

Inflation cooled to 3.8 per cent nationally last month, Statistics Canada said Tuesday, down from 4.0 per cent in August and snapping a streak of two consecutive monthly accelerations.

16.10 / 19:09

BTC Digital Action CIBC Bitcoin social information analyst Bitcoin Price Prediction as Analyst Says US Recession Can Be Avoided – Can BTC Reach $100,000?

Recent price action in Bitcoin showcases the asset's volatility and susceptibility to market rumors. Earlier on Monday, Bitcoin surged from just under $28,000 to $30,000 in a matter of minutes.

06.10 / 14:53

UPS Reuters economy CIBC country reports ‘Off the charts’ wage growth puts Bank of Canada in tough spot after jobs report

A surprisingly robust September jobs report could put the Bank of Canada in the position to raise interest rates again later this month, some economists are arguing.

20.09 / 11:31

UPS Extreme RBC CIBC Posthaste: In Canada, the whiff of recession is in the air

Good morning,

17.09 / 13:29

Provident Citizens VISA CIBC track country Has Canada actually undercounted its population by a million?

A CIBC Capital Markets Inc. report released last month suggested there are about a million more non-permanent residents in Canada than the official number, 925,000, that is widely quoted and used for planning purposes by various government authorities.

12.09 / 13:29

UPS RBC CIBC Posthaste: How higher oil prices could fuel another Bank of Canada interest rate hike

Good morning,

08.09 / 17:25

COST UPS CIBC 'It's gonna get worse': Banks are bracing for bad loans, but the trouble is only getting started

Loan-loss provisions piled up at Canada’s big banks in their most recent quarter. Now the question is, ‘How high can they go?’

08.09 / 14:29

UPS Manufacturing Strategy CIBC show Canada gains more jobs than expected in August, wage growth accelerates

By David Ljunggren and Steve Scherer

06.09 / 18:05

UPS Target FIVE Fighting love CIBC show 'Next move a cut': What economists say about Bank of Canada's decision to hold rates

The Bank of Canada held its benchmark interest rate at five per cent on Sept. 6, with one economist predicting the bank’s next move could be a cut based on deteriorating economic data, though policymakers warned they could hike again.

06.09 / 10:47

UPS CIBC show pop rate hikes Time Posthaste: Why Bank of Canada rate hikes might really be over this time

It looks like British Columbia Premier David Eby might get his wish.

01.09 / 23:51

COST UPS FIVE CIBC cover Canadian banks see dip in 30 year-plus mortgages, but risks remain

(In paragraph 10, corrects to say: Bank of Nova Scotia (TO:BNS), the only bank among Canada's top five to offer variable payments for its floating rate customers," instead of saying "… top five not offer...")

01.09 / 15:17

COST FIVE Booking Strategy CIBC stage rate hikes Big banks' mortgage growth buckles under weight of rate hikes

The aggressive pace of interest-rate hikes is hitting mortgage books at Canada’s biggest banks, leading to slowing loan growth, longer amortization periods and a rise in impairments.

31.08 / 23:21

RBC CIBC Bank of Canada Mortgages Mortgage stress looms over Canada’s big banks. What they — and consumers — can do

Canadian consumers are facing mounting financial pressure amid higher interest rates, and it’s something Canada’s biggest lenders are bracing for. But there are steps that borrowers — and the banks themselves — can take to soften the blow.

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