The Economic Brief
Bank of Canada has cut interest rates by another 25 basis points, taking the overnight rate to 2.25%. Andrew Grantham explains what it means.
Welcome to CIBC Thought Leadership
Explore the latest insights, reports, and timely topics affecting economic growth at home and around the world.
Housing
Addressing Canada’s housing shortage: 10 solutions for governments and the private sector
Canada is in the midst of a housing crisis, with affordability and availability challenges impacting millions. To tackle this issue, both governments and the private sector must adopt innovative and collaborative approaches. Here are 10 ways to address the housing shortage in Canada.
Drivers of Growth
Growth mindset: Seeding success through farm modernization
As Canadian farms have become larger and more complex, many farmers are bringing in experts like accountants and marketing firms to keep their operations running smoothly and efficiently. As Erin Dupuis, Vice-President and Region Head, Prairies, and Stephen Kurtz, Director and Team Leader, Agriculture and Rural Saskatchewan, write: adopting modern business strategies will ensure lasting success for Canada’s farms.
CIBC Economics
The Bank of Canada cut interest rates by 25bp as expected today, but signaled that this may be the end of the line for rate reductions. The quarter point cut, bringing the overnight rate down to 2.25%, was widely expected by forecasters and financial markets.
The Economic Brief
What should we make of the Bank of Canada lowering interest rates to 2.25%?
Bank of Canada has cut interest rates by another 25 basis points, taking the overnight rate to 2.25%. Andrew Grantham explains what it means.
Eyes on the Economy
Podcast: Canada’s student immigration surge: Neither a blessing, nor a curse
CIBC senior economists Katherine Judge and Ali Jaffery assess the impact of the recent wave of rapid student immigration on the economy and the labor market, and Canada’s economic record over that period. They also consider ideas for where student immigration and population growth could be headed in the future.
Drivers of Growth
Growth mindset: Seeding success through farm modernization
As Canadian farms have become larger and more complex, many farmers are bringing in experts like accountants and marketing firms to keep their operations running smoothly and efficiently. As Erin Dupuis, Vice-President and Region Head, Prairies, and Stephen Kurtz, Director and Team Leader, Agriculture and Rural Saskatchewan, write: adopting modern business strategies will ensure lasting success for Canada’s farms.
Explore our Series
Latest Podcasts
Eyes on the Economy • EP29
Play podcast: Podcast: Canada’s student immigration surge: Neither a blessing, nor a curse
CIBC senior economists Katherine Judge and Ali Jaffery assess the impact of the recent wave of rapid student immigration on the economy and the labor market, and Canada’s economic record over that period. They also consider ideas for where student immigration and population growth could be headed in the future.
Eyes on the Economy | EP29Podcast: Canada’s student immigration surge: Neither a blessing, nor a curse
Curve Your Enthusiasm
Fiscal thoughts & World Series ambitions
Canada is weeks away from receiving the federal budget, which is creating a lot of interest from market participants. In this episode, Ian and Ali spend time discussing why this budget will look different than those in prior years. The introduction of the new framework, coupled with expectations of fiscal stimulus, make this a key event for markets. The show begins with Ali discussing the reasons for the changes to the framework, while Ian discusses why markets are so hyper-focused on how the budget will be financed. The pair spend some time talking about whether the Bank can ease rates after the budget has been released, focusing on the impact to the economy from the elevated fiscal spend. The show concludes with Ian discussing why markets are reluctant to price-in more from the Bank, while Ali opines on what a Blue Jays World Series win will do the economy!
The Sustainability Agenda
Global carbon markets: Poised for growth amid market reforms and integration
Bo Qin of BNEF joins Tom Heintzman, Vice Chair, Energy Transition and Sustainability at CIBC Capital Markets to discuss the current state of voluntary and compliance markets, the challenges they face, as well as the key drivers shaping the price outlook for North American and global carbon markets in 2025 and beyond.
The Sustainability Agenda
EU Carbon Border Adjustment Mechanism (CBAM): Shaping the global response to carbon pricing
Dan Maleski of Redshaw Advisors joins Tom Heintzman, Vice Chair, Energy Transition and Sustainability at CIBC Capital Markets, to discuss the EU Carbon Border Adjustment Mechanism (CBAM). The discussion explores recent developments to EU carbon pricing policy, CBAM’s evolving implications on global trade, and what companies can do to manage increasing carbon costs.
The housing crisis is a planning crisis
Read how the lack of a robust population growth forecast framework is partly responsible for the housing supply shortage.Housing Shortage
5 million
Estimated Canada-wide construction gap by 2030 in unitsPopulation Growth
1.4 million
Gap between real population in 2023 and previous planning forecastsLatest Videos
The Economic Brief
Bank of Canada has cut interest rates by another 25 basis points, taking the overnight rate to 2.25%. Andrew Grantham explains what it means.
An Inclusive Society
What’s one policy shift that could help unlock Indigenous economic potential?
With a view to advancing reconciliation, our SVP of Indigenous Markets, Jaimie Lickers, shares her thoughts on one policy shift that could help unlock Indigenous economic potential.
The Economic Brief
What trends are we seeing in Canada’s housing market today?
Canada’s housing story is far from one-dimensional, with some areas cooling and others gaining pace. In the latest episode of the Economic Brief, Deputy Chief Economist Benjamin Tal breaks down the dynamics and highlights the strong growth in purpose-built rentals as a key bright spot.
The Innovation Economy
The productivity pivot: AI’s role in business transformation and growth
AI tools have the potential to create monumental change. But how do businesses position themselves to take advantage? CIBC assembled a group of leading experts in the field to discuss AI’s potential for enhancing productivity and driving economic growth.
CIBC Economics
76.4%
Our latest In Focus report examines Canadian women’s position in the labour market relative to other countries.
CIBC Economics
Bank of Canada interest rate: Not now, maybe later
The Bank of Canada chose not to provide fresh stimulus to the Canadian economy now, keeping the overnight rate steady at 2.75%, but did hint that rate cuts are still possible in the future to help navigate the current period of trade uncertainty.
In Focus
Can, or should, the US bring the factory jobs back?
Our latest In Focus article, by Andrew Grantham and Avery Shenfeld, questions whether the US should even be trying to reallocate more of its employment towards manufacturing.
In Focus
Population growth projections — are we repeating past mistakes?
Our latest In Focus report makes the point that official population growth forecasts might be too low.
In Focus
A modest pot of gold at the end of the interprovincial trade-deal rainbow
Removing interprovincial trade barriers is a laudable goal, but our In Focus report by Avery Shenfeld and Ali Jaffery finds that its economic lift is likely to be more modest than some have claimed.
Our commitment to ambitions
CIBC Ambitions Index 2025
In this first edition of our annual index, read about Canadians’ goals and ambitions, the progress they’ve made, and what’s holding them back.
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