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Benjamin Tal, Deputy Chief Economist at CIBC joins Avery Shenfeld to discuss Fed policy and where the US economy is heading, pointing to the fact that the current situation in the US is very similar to the soft landing of 1995.

Our latest In Focus report makes the point that the current situation in the US is very similar to the soft landing of 1995. The report assesses not only the extent that conditions in the first half of the 1990s were similar to today’s situation, but also looks at what might await us at the end of the runway.

The rise in insolvencies and mortgage delinquencies in Canada. CIBC Capital Markets’ Deputy Chief Economist, Benjamin Tal, joins Bipan Rai to discuss the risks to Canadian household consumer and mortgage credit, given the rate hikes from the Bank of Canada.

The increased sensitivity of households to higher interest rates is well documented. What was a theoretical risk or a stress test, became a reality. The impact on the consumer is clear and evident. But to what extent will the interest rate induced recessionary conditions in the household credit space morph from a macro story into a credit quality issue?

We do not envy the poor souls at Statistics Canada that are in charge of producing the nation’s productivity numbers on a quarterly basis.

The current recessionary conditions in the Canadian housing market will hardly dent the affordability crisis home buyers and renters currently face.

In the tug of war between a slowing economy and still elevated inflation, it is inflation that will eventually raise the white flag. But at what cost?

Over the past two decades annual GDP growth in Canada averaged just over 4.5% in nominal terms...

Our latest issue of In Focus takes a deep dive into conditions in Canada’s housing market.

Bipan Rai and Benjamin Tal talk about the Canadian economy, the domestic housing market and why the number of non-permanent residents (“NPRs”) in Canada is actually higher than what’s reported officially. Please note that this podcast was recorded before the announcement from Statistics Canada that it will revise its methodology for estimating the number of NPRs in the economy.

Bipan Rai and Benjamin Tal, Deputy Chief Economist at CIBC Capital Markets, discuss the current state of affairs in the banking system and what it means for Fed and Bank of Canada policy.

Bipan is joined by CIBC Deputy Chief Economist Benjamin Tal to discuss the macro picture for the US and Canada – including the path for inflation going forward, what this means for rates/FX as well as the housing market.

Bipan is joined by CIBC Deputy Chief Economist Benjamin Tal for a discussion on the Canadian housing market and where things are headed in the coming years. We learn why this market isn’t in ‘bubble’ territory and what the implications for projected Bank of Canada rate hikes could mean.

CIBC Deputy Chief Economist Benjamin Tal joins Bipan on this edition to chat about several hot button topics affecting the US and Canadian economies

As we continue to see further pandemic lockdown measures and ongoing market volatility, there are glimpses of economic reopening on the horizon. Please join us for a forward look at the economy and financial markets as a panel of CIBC experts provide a Canada-US economic, interest rate and FX forecast, along with an outlook for equities.

What are green and brown portfolios? Our green portfolio consists of bonds that pledge proceeds toward environmentally sustainable projects. For a bond to make it into the green portfolio, it has to match a “brown” bond (i.e. same issuer, same currency, no use of proceeds restriction, and close maturity profile). This allows us to track relative performance and minimize exogenous effects.