With rising interest rates, inflation and commodity prices, all compounded by intensifying geopolitical events, 2022 continues to rattle investors in unprecedented ways. How are Canada’s economy and markets likely to fare? Here’s what some of our CIBC experts think.

 

The war in Ukraine – Economic impact on Canada

 

On the economic front, some countries are obviously uncomfortable relying on Russia for supplies, comments CIBC’s Avery Shenfeld. With Canada’s exports significantly overlapping Russia’s, to what extent can our country actually fill in the gap?

 

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What rising rates and inflation mean for Canada’s economy

 

“Not all rate hike cycles certainly end in recession” says CIBC’s Avery Shenfeld. He adds that some Canadians and many Canadian-listed companies should be able to tolerate, and sometimes benefit from, higher interest rates.

 

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Why the TSX may outperform in 2022

 

Attractive forward price-earnings ratios, better cyclical balance, vigorous immigration and strong employment all point to the TSX outperforming relative to the U.S. in 2022, says CIBC’s Craig Jerusalim.

 

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