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Stock impact report

2020 is not 2009, and Canadians should invest accordingly [Toronto Globe and Mail (Ontario, Canada)]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
2020 is not 2009, and Canadians should invest accordingly People walk past a closed restaurant in a quiet downtown, amid concerns about the spread of the coronavirus, in Vancouver, on March 17, 2020. DARRYL DYCK/The Canadian Press People walk past a closed restaurant in a quiet downtown, amid concerns about the spread of the coronavirus, in Vancouver, on March 17, 2020. 2020 is not 2009, warns CIBC World Markets, and investors should not expect a lucrative, V-shaped recovery when the pandemic ends. In a short but compelling research report published Tuesday, CIBC interest rate strategist Ian Pollick cautioned clients that the Canadian economy – and the domestic consumer in particular – is in a much weaker position now relative to 2009 and this will limit any postvirus rebound. Mr. Pollick noted that the economic damage from the current health crisis is far more severe than what the financial crisis precipitated in 2008-09. During that period, the manufacturing sector lost 300,000 j Show less Read more
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