Canada economy on track to grow 1.8% in second quarter [BNN Bloomberg (Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: BNN Bloomberg
Preliminary data suggest gross domestic product rose 0.1 per cent in May with growth in manufacturing, real estate and finance offsetting declines in retail and wholesale trade, Statistics Canada reported Friday in Ottawa. That followed a 0.3 per cent expansion in the previous month, matching expectations in a Bloomberg survey of economists. The numbers point to an annualized pace of 1.8 per cent growth in the second quarter, if June output is unchanged. That's slightly stronger than a 1.7 per cent gain in the first three months of the year, and more than economists' estimate of 1.5 per cent. The Bank of Canada expects the economy to grow 1.5 per cent from April to June. “Overall, today's report shows that growth in Canada remains lackluster and suggests a slight widening of excess supply. This is roughly in line with the Bank of Canada's views,” Charles St-Arnaud, chief economist at Alberta Central, said in an email. Yields on the 2-year Government of Canada note fell 3.7 ba
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- Canada Economy on Track to Grow 1.8% in Second Quarter [Financial Post (Toronto, Ontario, Canada)]Financial Post
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- CIBC honored with Bronze US President's Volunteer Service Award from Junior Achievement for second consecutive yearPR Newswire
CM
Earnings
- 5/30/24 - Beat
CM
Sec Filings
- 6/28/24 - Form FWP
- 6/28/24 - Form FWP
- 6/28/24 - Form FWP
- CM's page on the SEC website