The Economic Brief
While the Bank of Canada opted to hold steady for its latest interest rate announcement, there are signs that further cuts could be coming. CIBC Senior Economist Andrew Grantham breaks it down in the latest Economic Brief.
Welcome to CIBC Thought Leadership
Explore the latest insights, reports, and timely topics affecting economic growth at home and around the world.
The Innovation Economy
Envisioning a client-focused, AI-enabled bank
CIBC has been working hard to responsibly harness the transformative tools of artificial intelligence (AI). David Gillespie, Executive Vice-President, Infrastructure, Architecture and Modernization, offers a peek under the hood to see how CIBC is using AI to support our teams, make banking easier for our clients, and modernize our operations.
Housing
Mid-year Real Estate market watch
As Canada’s housing shortage remains top of mind for many, action is needed to alleviate the crisis. As Tim Samis, Senior Vice-President of Real Estate Finance, tells us, there are many levers the government can pull to get shovels in the ground.
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The Economic Brief
While the Bank of Canada opted to hold steady for its latest interest rate announcement, there are signs that further cuts could be coming. CIBC Senior Economist Andrew Grantham breaks it down in the latest Economic Brief.
Drivers of Growth
Mid-year market watch: what’s shaping Commercial Markets right now?
In a time of trade uncertainty, companies are having to adapt to a new business environment. In this mid-year check-in, our Commercial Banking leaders tell us about where they see opportunities for growth, how some businesses are remaining nimble, and which sectors are feeling the pinch.
Drivers of Growth
Non-profits are a secret source of economic growth in Canada
Canada’s non-profit sector contributes billions to GDP and employs 1 in 10 Canadian workers. As Kyle McLean, Market Vice-President, Public Sector and Not-for-Profit Group, CIBC Commercial Banking, writes, the sector is an often-overlooked piece of this country’s economic strength.
Drivers of Growth
Cultivating growth: the economic imperative of scaling farms in uncertain times
Amid ongoing trade concerns, the long-term global competitiveness of the Canadian agriculture sector looks solid, and appears increasingly linked to growth and scale, write Scott Preston, Market Vice-President, Commercial Banking, and Nick Lea, Senior Relationship Manager, Agriculture, Commercial Banking.
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Latest Podcasts
Curve Your Enthusiasm • EP84
Play podcast: A very stable disequilibrium
In this episode of Curve Your Enthusiasm, Ian is joined by Brendan Donaher, Executive Director STIRT trading. The show begins by discussing the recent U.S. jobs report, and the implications to the perception of economic data going forward and how that should affect the bond market. Brenden discusses how FOMC pricing has evolved, and his favorite trades. The duo begin to discuss what Fed pricing means for BoC pricing, rightly noting how cheap CAD front-end valuations are. Brenden provides his view on what pension hedging means for Canadian cross-currency basis swaps, while also highlighting key themes in global funding markets. The show ends with a discussion on the BoC’s balance sheet, and which trades Ian and Brenden think offer the most attractive opportunities at present.
Curve Your Enthusiasm | EP84A very stable disequilibrium
The Sustainability Agenda
Driving change: The case for fleet electrification
Keegan Tully of PowerON joins Tom Heintzman, Vice Chair, Energy Transition and Sustainability, to discuss the case for electrifying fleets, such as buses for mass transit, commercial vehicles and marine transportation; the solutions helping transport operators to manage the transition to electric vehicles (EVs); and the benefits of EV fleets in reducing risk, lowering emissions and maximizing cost savings.
Eyes on the Economy
The need for rate cuts in Canada and the US, and if so, when?
Avery Shenfeld, CIBC's Chief Economist, and Katherine Judge, CIBC Senior Economist, discuss the complexities of interest rate policies and their impact on the Canadian labour market and the economy.
The Energy Shift
A transitioning workforce: People, culture, and change
On this episode of The Energy Shift, we're going to take a slightly different tack and not look at a particular technology or sector of the energy transition. Instead, we're going to talk about people and specifically the shifting trends in hiring people during the transition, particularly in recent years across all experience levels.
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
While the Bank of Canada opted to hold steady for its latest interest rate announcement, there are signs that further cuts could be coming. CIBC Senior Economist Andrew Grantham breaks it down in the latest Economic Brief.
Housing
Mid-year Real Estate market watch
As Canada’s housing shortage remains top of mind for many, action is needed to alleviate the crisis. As Tim Samis, Senior Vice-President of Real Estate Finance, tells us, there are many levers the government can pull to get shovels in the ground.
Drivers of Growth
Mid-year market watch: what’s shaping Commercial Markets right now?
In a time of trade uncertainty, companies are having to adapt to a new business environment. In this mid-year check-in, our Commercial Banking leaders tell us about where they see opportunities for growth, how some businesses are remaining nimble, and which sectors are feeling the pinch.
The Economic Brief
Could a cooling job market prompt the Bank of Canada to cut interest rates?
With the labour market appearing to weaken, will the Bank of Canada return to interest rate cuts? CIBC Senior Economist Andrew Grantham offers his insight.
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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