CIBC's Week Ahead Market Call For Canada
BY MT Newswires | ECONOMIC | 09/12/25 02:01 PM EDT02:01 PM EDT, 09/12/2025 (MT Newswires) -- In Canada, Ali Jaffery and Andrew Grantham noted, the central bank is expected on Wednesday to restart interest rate cuts with a 25bp move, and keep the door open to further reductions.
The CIBC duo suspect that the CPI data for August released the day before [Tuesday] the BoC meeting would need to surprise significantly to the upside to prevent such an initial rate move. They said that seems unlikely given recent weakness in the labour market and the recent run of fairly muted core inflation readings.
Outside of that, the CIBC pair believe indicators for July growth will be mixed, with Manufacturing shipments and Wholesale sales data due out Monday pointing to increases, but July Retail Sales on Friday slipping back following a strong June.
(Also on the CIBC calendar for next week are August Existing home Sales on Monday, and August Housing Starts on Tuesday; followed by July Int' Security Transactions on Wednesday.)
Price: 109.53, Change: -0.50, Percent Change: -0.45
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