Bank of Canada to Start Jumbo Rate Cuts by December, CIBC Says [Yahoo! Finance]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Yahoo! Finance
Most Read from Bloomberg Canadian Imperial Bank of Commerce says policymakers led by Governor Tiff Macklem will reduce the policy rate by 50 basis points at each meeting in December and January, according to new forecasts released Thursday. The lender expects the central bank to end the easing cycle next June with a policy rate of 2.25%. The pace of cuts is faster and deeper than what most economists expect, according to a Bloomberg survey from last month. “It really is time to declare victory in the battle against inflation and get the economy moving again,” Avery Shenfeld, CIBC's chief economist, said in an phone interview. “There's no reason not to speed up the process of getting interest rates down materially.” The forecast change comes amid mounting concerns that Canada's labor market and growth are weakening at a quicker pace than expected. Last week, jobs data showed the economy added 22,100 jobs in August, and while there's no widespread layoffs, the unemployment rate s
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News
- CIBC and The Cognizant Classic in The Palm Beaches announce multi-year partnershipPR Newswire
- CIBC and Chicago Blackhawks renew partnership: A 15-year relationship strengthenedPR Newswire
- Canadian Imperial Bank of Commerce (NYSE: CM) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- CIBC donates US$100,000 to support Hurricane Milton relief effortsPR Newswire
- Canadian Imperial Bank of Commerce (NYSE: CM) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
CM
Earnings
- 8/29/24 - Beat
CM
Sec Filings
- 11/5/24 - Form 424B2
- 11/5/24 - Form 424B2
- 11/5/24 - Form 6-K
- CM's page on the SEC website