Category: CIBC

  • The Fed is in a tricky spot – CIBC

    There is an undercurrent in economic circles right now that basically boils down to this: The Fed should cut rates by 50 basis points, but it is more likely to cut them by 25 basis points. Rick Rader of BlackRock Bloomberg was on Earlier today, CIBC made this point, as…

  • CIBC raises Well Health stock target, keeps rating on Q2 beat By Investing.com

    On Friday, CIBC raised its target price on shares of Well Health Technologies Corp. (WELL:CN) (OTC:WLYYF) to C$5.00, up from C$4.75, while maintaining a neutral rating on the stock. The revision comes after Well Health reported second-quarter revenue and EBITDA that beat expectations, driven by strong growth and better-than-expected profitability…

  • CIBC tweaks rate cut forecasts, sees earlier easing from Fed and Bank of Canada

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  • Canadian CPI cements a Bank of Canada rate cut next week – CIBC

    The Bank of Canada is scheduled to meet on July 24, and economists are increasingly confident that interest rates will be cut. This is also reflected in interest rate derivatives, which now show a 93% chance of a rate cut. The consumer price index slowed to 2.7% from 2.9%, with…

  • CIBC boosts gold price forecasts. Says Trump Presidency would be more-bullish for bullion

    Amnesty International Image In a report released late yesterday, CIBC raised its gold price forecasts significantly, predicting a more bullish outlook for bullion, especially in the event of a Trump presidency. Main points: gold: 2024The new forecast is $2,290 per ounce, up from $2,100 per ounce previously. 2025The new forecast…