Canada Inflation Ticks Up to 2.9% on Higher Gas Prices [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
progress, keeping the central bank on track to pivot to easier policy as early as June or July. The consumer price index rose 2.9% in March from a year ago, up from a 2.8% increase a month earlier, Statistics Canada reported Tuesday in Ottawa. That matched the median estimate in a Bloomberg survey. Excluding gasoline, the index slowed to 2.8% from a year ago, down from 2.9% in February. On a monthly basis, the index climbed 0.6% on broad-based price growth, versus 0.7% expectations, and rose 0.3% on a seasonally adjusted basis. Gauges of underlying price pressures eased, however. Averages of the Bank of Canada's two core measures slowed to a 2.95% yearly pace, from a downwardly revised 3.1% in February, weaker than the 3.1% expected. A three-month moving average of the rate fell to an annualized pace of 1.25% from 2.33%, according to Bloomberg calculations. After the release, yields on two-year Canadian government bonds fell about 10 basis points to 4.18%. The loonie reached a
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CM
Earnings
- 2/29/24 - Beat
CM
Sec Filings
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- 4/29/24 - Form 424B2
- CM's page on the SEC website