Author archives

As the US is set to execute on the automotive products tariff next week, CIBC Chief Economist, Avery Shenfeld, shares his perspectives on how Canada should respond to the incoming tariffs.

Negotiating a cooling in tariff levels will be easier for Canada if the misery is shared by other countries facing new US tariffs. Chief Economist, Avery Shenfeld, shares his perspective on the odds of negotiating tariffs down to a manageable size in this Week Ahead report.

Removing interprovincial trade barriers is a laudable goal, but our In Focus report by Avery Shenfeld and Ali Jaffery finds that its economic lift is likely to be more modest than some have claimed.

What could a prolonged trade dispute mean for the Canadian economy? CIBC Chief Economist, Avery Shenfeld, offers his perspective.

The Bank of Canada's quarter point rate cut today might be only a Band-Aid, but it's to address an economic wound of unknown size at this point. Chief economist, Avery Shenfeld, explores the Bank of Canada's move in the light of the tariff uncertainties.

The trade war is still very much in play and a one-month reprieve means little, particularly since exporters rushed to get their March shipments across the border ahead of time, leaving less export demand for the coming few weeks. Chief Economist, Avery Shenfeld, explores the Bank of Canada’s rate cutting path and more in this piece.

The 30-day cease fire has run its course, and the North American trade war is back on. The tariffs on Canadian exports will have a significant impact on exports and business investment and if permanent would drive the Canadian economy into recession. CIBC economists explore more on this.

CIBC Senior Economist, Ali Jaffery, interviews Chief Economist, Avery Shenfeld, about his latest note on US fiscal policy, discussing the House budget resolution, implications for the Fed, and what this means for the bond market.

CIBC Chief Economist, Avery Shenfeld, discusses the US fiscal policy and what investors need to know in the week ahead.

Canadian diplomatic efforts in Washington should be calling attention to the surplus that the US currently runs with Canada. Chief Economist, Avery Shenfeld, shares some insights on this surplus investment flows from Canada and how that ties into the overall shape of America’s balance of payments with other countries.

Avery Shenfeld, CIBC’s Chief Economist is joined by his colleague, Senior Economist Ali Jaffery, to discuss the threat of tariffs being posed by the United States and the implications for Canadian growth, inflation and interest rates.

The trade war could begin tomorrow, or maybe we will get a delay. A lot remains unclear and if it begins, no one knows how long it will last, or whether further rounds of retaliation are in store...

Its still anyone’s guess what, if anything, February 1st will reveal about US tariffs on Canada and Mexico. An announcement of some sort now seems likely, since President Trump might feel that he’s boxed himself into that date.

The financial commentariat has started to point fingers at the easing the Fed has done to date, but to twist Marc Anthony’s famed speech, we come to praise Caeser, not to bury him in criticism.

Canada is taking steps to gird itself for the battle against a looming tariff threat from the US, and a list of potential retaliatory tariffs on US products is being assembled as a part of that effort.

With Parliament’s prorogation and the race underway for a new leader of the Liberal party, Roman Dubczak, Deputy Chair of CIBC Capital Markets, is joined by the Hon. Lisa Raitt, Vice Chair, Global Investment Banking, and Avery Shenfeld, Chief Economist at CIBC, to discuss the implications of the Prime Minister’s announcement, especially in light of President Donald Trump’s upcoming inauguration and the issues surrounding immigration and tariffs.