01:37:15 EDT Mon 13 May 2024
Enter Symbol
or Name
USA
CA



Canadian Imperial Bank of Commerce (CIBC)
Symbol CM
Shares Issued 931,811,338
Close 2024-02-05 C$ 60.73
Market Cap C$ 56,588,902,557
Recent Sedar Documents

Globe/wire say CIBC, rivals hear BOC rates seen falling

2024-02-06 07:09 ET - In the News

Also In the News (C-BMO) Bank of Montreal
Also In the News (C-BNS) Bank of Nova Scotia
Also In the News (C-NA) National Bank of Canada
Also In the News (C-RY) Royal Bank of Canada
Also In the News (C-TD) Toronto-Dominion Bank

The Globe and Mail reports in its Tuesday, Feb. 6, edition that Canadian market participants expect the Bank of Canada to start lowering its key policy rate from a 22-year high of 5 per cent in April, the same as their previous forecast, according to a survey released by the central bank on Monday. A Reuters dispatch to The Globe reports that the BOC's fourth quarter survey of Canadian market participants, which includes economists and financial strategists, was conducted from Dec. 18 to Dec. 29 -- before official data for December showed an acceleration in inflation. By the end of 2024, the market experts' median forecast is for the policy rate to come down to 4 per cent, the same as their forecast in the previous survey released in November.

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