In Focus
The latest In Focus report discusses progress in Canada’s trade diversification efforts and implications for profit volatility, margins, and capital investment.
Welcome to CIBC Thought Leadership
Explore the latest insights, reports, and timely topics affecting economic growth at home and around the world.
An Inclusive Society
As calls continue for a true Indigenous sovereign wealth fund, a new force in Canadian investing has emerged
Indigenous communities – through land, resources, financial settlements and commercial partnerships – are emerging as a powerful economic engine for the country. A true Indigenous sovereign wealth fund would be an ideal entity to govern, invest and deploy this capital. Until such a framework is created, Jaimie Lickers, Senior Vice-President of Indigenous Markets, explores the emergence of Indigenous-owned asset management firms, which are designed to not only grow capital, but also to reflect community values and ensure long-term economic self-determination.
The Economic Brief
As the Bank of Canada continues to hold interest rates steady, what economic conditions could trigger a move?
As expected, the Bank of Canada once again held interest rates at 2.25%. Senior Economist Andrew Grantham looks at why, and what economic conditions could spur the bank to make a move before the year is over.
Drivers of Growth
Canada’s Defence Industrial Strategy requires a large-scale mobilization of capital that we haven’t seen in this country in quite some time. Susan Rimmer, Senior Executive Vice-President and Group Head, Commercial Banking, convened a panel of CIBC’s senior leadership to recap the bank’s recent Defence and Resiliency Summit, and discuss what opportunities this new era holds for clients.
The Economic Brief
As the Bank of Canada continues to hold interest rates steady, what economic conditions could trigger a move?
As expected, the Bank of Canada once again held interest rates at 2.25%. Senior Economist Andrew Grantham looks at why, and what economic conditions could spur the bank to make a move before the year is over.
Drivers of Growth
Agricultural evolution: How farmers are transforming the sector for long-term success
Farmers in Canada recognize that modernizing and professionalizing their operations are keys to long-term success. With that in mind, here are five top trends behind the industry’s evolution, with technology, modernization, and scalability driving the sector toward greater economic resilience.
Drivers of Growth
The hidden economic might of Canadian franchises
In 2026, franchising is expected to contribute about $133 billion to the economy, equal to roughly 5% of Canada’s GDP. Yet despite its scale and importance, it’s often overlooked compared to more traditional sectors. As Romal Bryce, Market Vice-President of National Industry Programs, and Greg Windle, Director and National Industry Lead, Franchising & Business Services, write: Whether through hiring incentives, support for technology investments or making it easier to enter the industry, government and business must work together to strengthen this key pillar of Canada’s economy.
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Latest Podcasts
The Raitt Stuff • EP63
Play podcast: Labour pains: Another UK prime minister resigns, what’s next for the UK?
The Hon. Lisa Raitt is joined by CIBC’s Amber Batool, a former senior bureaucrat in the UK, to analyse the reasons behind Keir Starmer’s resignation, discuss who may be next in line for Prime Minister, and explore the key challenges facing the incoming leader.
The Raitt Stuff | EP63Labour pains: Another UK prime minister resigns, what’s next for the UK?
The Raitt Stuff
Oil’s well that ends well?
The Hon. Lisa Raitt is joined by Joan MacNaughton, an internationally renowned energy expert and former senior UK government lead on energy, to discuss energy security, the effects of hostilities in the Middle East on oil prices, and the importance of long-term strategic planning for critical minerals and mining.
The Sustainability Agenda
Micro nuclear reactors: Building resilient power for Canada’s arctic development and lunar ambitions
Daniel Sax of Canadian Strategic Missions Corporation joins Tom Heintzman, Vice Chair, Energy & Climate Finance, to discuss why a Canadian space and defence company is developing micro nuclear reactors for remote and mission-critical applications, and how the case for resilient power can strengthen Canada’s energy security and sovereignty – from arctic development to lunar ambitions.
Eyes on the Economy
Inflation fears: Bank of Canada vs. the Fed
CIBC Senior Economist, Katherine Judge, hosts a discussion with Chief Economist, Avery Shenfeld, as he compares inflation risks in Canada and the US, assesses the impact of higher oil prices, and discusses what it could all mean for interest rates in 2026 and beyond.
Canadian housing: Anatomy of a correction
This In Focus report analyzes the housing market correction underway in Canada. Given the importance of the housing market to the economy, the current weakness in activity along with falling prices have clear negative macroeconomic implications.Benchmark Home Price
28%
In Ontario, the benchmark price is 28% below the trendlineCondo Market
35%
Condo prices nationally are 35% below the trendlineLatest Videos
The Economic Brief
As expected, the Bank of Canada once again held interest rates at 2.25%. Senior Economist Andrew Grantham looks at why, and what economic conditions could spur the bank to make a move before the year is over.
Drivers of Growth
Recapping CIBC’s Defence and Resiliency Summit, and what it means for clients
Canada’s Defence Industrial Strategy requires a large-scale mobilization of capital that we haven’t seen in this country in quite some time. Susan Rimmer, Senior Executive Vice-President and Group Head, Commercial Banking, convened a panel of CIBC’s senior leadership to recap the bank’s recent Defence and Resiliency Summit, and discuss what opportunities this new era holds for clients.
CIBC Perspectives
Economic and rates strategy: Mid-year update
CIBC’s Brad Black leads a semi-annual discussion with Avery Shenfeld and Ian Pollick on key trends and challenges in the macro environment as we head into the second half of 2026. The panel highlights ongoing geopolitical issues, relative economic performance in Canada and the US, and shares insights on opportunities and risks for the balance of the year.
The Economic Brief
Canada may not reach a new trade deal with the US and Mexico this summer. What happens then?
Will Canada strike a new trade deal with the US and Mexico this summer? Chief Economist Avery Shenfeld provides an update on CUSMA negotiations, and what happens if a deal isn’t reached soon.
CIBC Economics
18%
With women representing a sizeable share of the workforce, making full use of their potential is vital for Canada’s economy. As Senior Economist Katherine Judge discusses in her latest report, while there has been some improvement, there is still plenty of work ahead in addressing a well-known gap in earnings for mothers in the workforce.
In Focus
Trade diversification: a good idea but not a game changer
The latest In Focus report discusses progress in Canada’s trade diversification efforts and implications for profit volatility, margins, and capital investment.
In Focus
Canadian housing: Anatomy of a correction
This In Focus report analyzes the housing market correction underway in Canada. Given the importance of the housing market to the economy, the current weakness in activity along with falling prices have clear negative macroeconomic implications.
Economic Insights
Canadian labour market: Could we really run out of room before year-end?
This Economic Insights report discusses why we think there's enough slack within the Canadian labour market to prevent a Bank of Canada rate hike this year, even if growth within the economy and demand for labour improves as we forecast.
In Focus
Canada’s student immigration surge: Neither a curse, nor a blessing
In our latest In Focus article, Senior Economist Ali Jaffery examines the economic implications of Canada’s recent student immigration surge.
Our commitment to ambitions
CIBC Ambitions Index 2026
Read about how Canadian ambitions are changing in this second edition of our annual index.
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