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Bank of Canada holds key rate steady as CUSMA talks loom over its outlook [Advisor.ca (Canada)]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Company Research Source: Advisor.ca
But the upcoming review of the Canada-U.S.-Mexico agreement later this year and other emerging geopolitical risks are casting a cloud over the central bank's outlook. Bank of Canada governor Tiff Macklem said that the economy has evolved broadly in line with the central bank's expectations since monetary policymakers hit pause on the interest rate easing cycle in December. But he also warned that uncertainty remains “unusually high.” Macklem said the bank's governing council sees the policy rate as “appropriate” based on its outlook, but the “timing or direction of the next change in the policy rate” is difficult to predict. “Recently you've seen more unpredictability in U.S. policy with all sorts of threats, including on Canada,” Macklem said. This past weekend, U.S. President Donald Trump said he would levy 100% tariffs on Canadian goods if Prime Minister Mark Carney pursues a trade agreement with China. Canada, the United States and Mexico are also set to review CUSMA, Show less Read more
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