CIBC's Week Ahead Market Call For Canada

02:15 PM EDT, 09/19/2025 (MT Newswires) -- In Canada, Avery Shenfeld noted, the plunge in Q2 GDP was exacerbated by the fact that exporters rushed goods to the U.S. market in Q1 to beat a feared across the board tariff. Shenfeld said the monthly GDP figures for July and the advance reading for August due out next Friday will likely be consistent with a rebound in Q3 that will only erase some of the Q2 dip, thereby leaving the Bank of Canada on track for a further quarter point cut in October, even with July a hair above the consensus expectation.

(Also on the CIBC calendar for next week are August Industrial Product Prices and Raw Materials on Monday. That same day there will be appearances from two different BoC Deputy Governors, with Sharon Kozicki participating by videoconference at 9.45am ET on a panel jointly organized by the BIS, the ECB and SUERF, and then Carolyn Rogers on a panel at the London School of Economics in the United Kingdom at 3.15pm ET.

(After that on Tuesday will be the auction of $14.6 billion in 3-M Bills and $5.2 billion in 6-M Bills and $5.2 billion in 1-Yr Bills. That same day BoC Governor Tiff Macklem will address the Greater Saskatoon Chamber of Commerce at 2.30pm ET.

(After that on Wednesday will be the auction of $5.3 billion in 10-YR CANADAS, and then on Thursday the auction of $3 billion in 3-YR CANADAS. Thursday will also see the release of July Payrolls data.)

Price: 112.26, Change: +1.30, Percent Change: +1.17

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