CIBC's Week Ahead Market Call For Canada
BY MT Newswires | ECONOMIC | 06/27/25 02:05 PM EDT02:05 PM EDT, 06/27/2025 (MT Newswires) -- Over at CIBC, Ali Jaffery and Katherine Judge noted a quiet week ahead for economic data -- markets here will be closed for Canada Day on Tuesday -- with the trade data for May due Thursday expected to narrow but remain elevated as a result of tariffs, with the massive drop off in exports in April contributing to the decline expected for Q2 GDP. CIBC forecasts a deficit of $5.9 billion compared to a consensus deficit of $6.1 billion and a prior deficit of $7.1 billion.
(Also on the CIBC calendar for next week are Auctions set for Monday and Wednesday).
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