13:52:16 EST Wed 24 Dec 2025
Enter Symbol
or Name
USA
CA



Canadian Imperial Bank of Commerce (CIBC)
Symbol CM
Shares Issued 928,768,222
Close 2025-12-23 C$ 126.56
Market Cap C$ 117,544,906,176
Recent Sedar Documents

Globe says CIBC's Grantham sees dim hopes for jobs

2025-12-24 07:23 ET - In the News

The Globe and Mail reports in its Wednesday edition that while Canada's economy likely rebounded slightly last month after a widespread contraction in October, the fourth quarter is shaping up to be a weak one as tariff-hit industries weigh on growth. The Globe's Jason Kirby and Brent Jang write that industry-based gross domestic product expanded 0.1 per cent in November, according to a preliminary estimate from Statistics Canada, coming on the heels of a 0.3-per-cent decline the month before. While that contraction in October was expected, the breadth of the decline still caught the attention of economists. Output fell in many sectors, with manufacturing, which contracted 1.5 per cent, contributing the most to the month-over-month decline. Last month employers added 54,000 new jobs, which sent the unemployment rate down 0.4 percentage point to 6.5 per cent. It was the third consecutive month of employment gains. Still, it is unclear how long Canada's job market resilience can hold. The "unimpressive rebound" in November's monthly GDP stands in contrast with a robust jobs report for that month, "suggesting that the labour market data may weaken again ahead," CIBC senior economist Andrew Grantham said in a note.

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