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Stock impact report

Bank of Canada Seeks More Disinflation Proof as It Mulls Cuts [Yahoo! Finance]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Company Research Source: Yahoo! Finance
(Bloomberg) -- The Bank of Canada held its policy rate steady for a sixth consecutive meeting as officials signaled they're getting closer to rate cuts but need more evidence of slowing inflation. Most Read from Bloomberg US Slams Strikes on Russia Oil Refineries as Risk to Oil Markets Chinese Cement Maker Halted After 99% Crash in 15 Minutes Bond Trader Places Record Futures Bet on Eve of Inflation Data Apple's India iPhone Output Hits $14 Billion in China Shift US Core CPI Tops Forecasts Again, Likely Delaying Fed Rate Cuts Policymakers led by Governor Tiff Macklem left the benchmark overnight rate unchanged at 5% on Wednesday. The hold was expected by markets and by economists in a Bloomberg survey. “We are seeing what we need to see, but we need to see it for longer to be confident that progress toward price stability will be sustained,” Macklem said in the prepared text of his opening statement. The Canadian dollar held losses after the release, trading near th Show less Read more
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