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CIBC's Week Ahead Market Call For Canada

BY MT Newswires | ECONOMIC | 08/08/25 03:30 PM EDT

03:30 PM EDT, 08/08/2025 (MT Newswires) -- According to Avery Shenfeld, the central bank could choose to characterize its 'Summary of deliberations' on Wednesday "just a touch more dovishly" than how BoC officials sounded at a press conference on the day of the most recent rate announcement, based on what we've since learned about U.S. growth, "looking weaker after payrolls", and Canadian employment.

Shenfeld noted flash estimates suggested that factory shipments and wholesaling saw a bounce in June, But, he said, in the case of the former, it wouldn't have been that impressive in real terms.

(Also on the CIBC calendar for next week are three auctions Tuesday: of $16.4 billion in 3-M Bills and $5.8 billion in 6-M Bills and $5.8 billion of 1 YR Bills. Thursday will see an auction of $6 billion in 2-YR Canadas.

In terms of additional data, Monday sees a release of the Market Participants Survey, which is conducted quarterly. Bank of Canada staff reach out to a diverse set of participants in financial markets to gather their views on key macroeconomic and financial variables as well as on monetary policy.

On Tuesday, June Building Permits data is due. Then on Friday, June Manufacturing Shipments and Wholesale Sales Ex-Petroleum and July Existing Home Sales are all slated for release.)

Price: 99.94, Change: +0.94, Percent Change: +0.95

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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