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Stock impact report

Bank of Canada keeps rate steady, but gives itself room to pivot [Financial Post (Toronto, Ontario, 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: Financial Post
Bank of Canada keeps rate steady, but gives itself room to pivot Kevin Carmichael: Our central bank appears to be deeply concerned about the country’s ability to endure the trade wars The Bank of Canada isn’t an outlier after all. Canada’s dollar gained a few cents against the U.S. currency in June as various central banks turned negative and Canadian economic data was surprisingly strong. As the Reserve Bank of Australia, European Central Bank, U.S. Federal Reserve and others expressed deep concern about what the trade wars were doing to global demand, Statistics Canada reported that Canadian merchandise exports surged 4.6 per cent in May. We appeared to be on an island. Maybe not. Bank of Canada Governor Stephen Poloz and his deputies on Wednesday issued a mostly dour assessment of the economy’s near-term prospects. They left the benchmark interest rate unchanged at 1.75 per cent, as expected, but said recent economic strength is deceptive, payback for a lousy winter that caused eco Show less Read more
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