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Stock impact report

Forecasting an economic recovery [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
“Fiscal and monetary policy measures have been very strong — much quicker and larger than [ever],” said Luc de la Durantaye, chief investment strategist and CIO at CIBC Asset Management, in an April 9 interview.“This should help in terms of putting a floor on financial markets,” he said.The Canadian government has rolled out a $250-billion relief package, while the U.S. government’s economic aid is worth US$2.2 trillion.Among monetary policy measures to address the pandemic, the Bank of Canada and Federal Reserve each cut rates by 150 basis points, announced large-scale asset purchases and opened credit facilities for business loans.The Fed’sMain Street Business Lending ProgramAnother positive for investors is that the market correction presents opportunities.“When we lift our eyes off the next three months and look out one to two years, the expected returns in financial markets have improved because of the sharp correction,” de la Durantaye said.In credit, for example, he suggested i Show less Read more
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