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-0.000631876673720975 -0.00103306821259134 0.00137408102063128 0.00177527255950179 -3.00893654152845E-05 0.00197586832893697 -0.00123366398202667 0.00257765563724266
Stock impact report

?Inflation surges to 7.7% in Canada, fastest pace since 1983 [Business News Network (BNN) (Canada)]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Annual inflation rose to 7.7 per cent last month, up from 6.8 per cent in April, Statistics Canada reported Wednesday in Ottawa. That's the highest since January 1983 and well above economist expectations for a 7.3 per cent increase. The inflation gauge rose 1.4 per cent from a month earlier with gasoline, hotel rates and cars among the largest contributors to the gains in May. The average of core measures -- often seen as a better indicator of underlying price pressures -- rose to 4.73 per cent, a record in data back to 1990. Benchmark Canadian two-year yields dropped as low as 3.269 per cent amid a global rally in government bonds. The Canadian dollar pared losses to trade at $1.2968 per U.S. dollar as of 8:56 a.m. Wednesday's report illustrates the urgency for Governor Tiff Macklem to quickly withdraw stimulus from an overheating economy amid concern price pressures are becoming entrenched in the economy. Markets are now fully pricing in a 75-basis-point rate hike by the B Show less Read more
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