"We’re still hopeful that…two years of minimal economic growth as opposed to an outright deep recession is possible. The central banks are right now still in the process of finding out what interest rate it’s going to take in order to get us there."
Avery Shenfeld
Managing Director and Chief Economist, CIBC Capital Markets

Avery has been with CIBC since 1993, and is widely recognized as one of Canada’s leading economists for his perceptive analysis and insights on economic developments and their implications for financial markets. 

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