CIBC On the Week Ahead In Economics

BY MT Newswires | ECONOMIC | 02:29 PM EDT

02:29 PM EDT, 03/27/2026 (MT Newswires) -- CIBC says it comes in a bit weaker in seeing a 0.1% decline in January GDP on Tuesday, versus a consensus forecast of 0.1%.

The Bank of Canada's summary of deliberations on Wednesday is seen by CIBC as an opportunity for Governor Tiff Macklem to "tilt market pricing". "But like the FOMC members," CIBC's Avery Shenfeld says, "those at Canada's central bank are themselves too uncertain about what lies ahead to lecture the market about what could, or couldn't, be in the cards for policy rates ahead."

Also on the CIBC calendar for next week -- a holiday shortened one given Good Friday -- is an auction of $5.5 billion in 2-YR CANDADS on Wednesday. February trade data is due out Thursday, with CIBC in line with consensus in forecasting a deficit of $1.8 billion.

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