Canada Economy on Track to Beat First-Quarter Forecasts [BNN Bloomberg (Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: BNN Bloomberg
Preliminary data suggest gross domestic product rose 0.4% in February, with broad-based increases led by oil and gas, manufacturing and finance, Statistics Canada reported Thursday in Ottawa. That followed a 0.6% expansion the previous month, beating expectations for a 0.4% increase in a Bloomberg survey of economists. January's gain was led by a rebound in education after strikes in Quebec ended. December's GDP was downwardly revised to a 0.1% contraction. Combined, the gains in January and the February flash estimate point to the strongest growth since early 2022, when the economy was rebounding from the pandemic. The data were released at the same time as GDP figures in the US, where the two main measures of economic activity posted strong advances at the end of last year, pointing to an economy that's still expanding at a healthy pace. After the releases, traders shifted bets on a Bank of Canada rate cut in June to about two-thirds, from a three-quarters chance previously
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CM
Earnings
- 2/29/24 - Beat
CM
Sec Filings
- 4/26/24 - Form 424B2
- 4/26/24 - Form FWP
- 4/26/24 - Form 424B2
- CM's page on the SEC website