Canada Economy on Track to Grow 1.8% in Second Quarter [Financial Post (Toronto, Ontario, Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Canada's economic growth appears to be decelerating after a strong start to the second quarter, keeping the Bank of Canada on track to cut interest rates further this year. Preliminary data suggest gross domestic product rose 0.1% in May with growth in manufacturing, real estate and finance offsetting declines in retail and wholesale trade, Statistics Canada reported Friday in Ottawa. Article content That followed a 0.3% expansion in the previous month, matching expectations in a Bloomberg survey of economists. The numbers point to an annualized pace of 1.8% growth in the second quarter, if June output is unchanged. That's slightly stronger than a 1.7% gain in the first three months of the year, and more than economists' estimate of 1.5%. The Bank of Canada expects the economy to grow 1.5% from April to June. “Overall, today's report shows tha
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Earnings
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Sec Filings
- 6/28/24 - Form FWP
- 6/28/24 - Form FWP
- 6/28/24 - Form FWP
- CM's page on the SEC website