CIBC Private Wealth
July 28, 2025
Money Education Financial literacy Economy News Weekly updateMorning Market Brief
The final week of July is upon us and with it come several central bank interest rate announcements. The Bank of Canada (BoC), US Federal Reserve Board (Fed) and Bank of Japan (BoJ) are all scheduled to announce their interest rate decisions this week. The markets’ attention will also be on the US, where countries continue to try to negotiate a trade deal before August 1, when higher tariffs are expected to go into effect. Here’s what to watch for this week.
- The BoC will make its interest rate announcement on Wednesday. Canada’s central bank has held steady at 2.75% at its last two meetings. The BoC said it is closely monitoring the impact of trade tensions on inflation and the labour market.
- Canada’s gross domestic product for May will be released on Thursday. In April, Canada’s economy contracted by 0.1%. Economic activity has been hindered by trade tensions, which have dragged down consumer and business confidence.
- The Fed will announce its interest rate decision on Wednesday. The federal funds rate currently stands at a target range of 4.25%-4.50%. Also in the US, an advanced estimate of second quarter growth will be released on Wednesday and the personal consumption expenditure price index on Thursday.
- Looking elsewhere, Europe’s economic growth will be announced on Wednesday, BoJ’s interest rate decision on Wednesday night, Europe’s unemployment rate on Thursday and European inflation on Friday.
- Numerous key corporate earnings announcements are coming this week. Earnings results often provide some insight into business and economic strength.
It is shaping up to be a busy week for investors, with plenty of key economic and corporate announcements that will drive financial markets. Aside from central banks, tariffs will also be top of mind with the August 1st deadline approaching. Several major economies continue to work with the US to try to reach agreements and avoid higher tariffs.
If you would like to discuss this economic and market update or have questions about your finances and investments, please feel free to contact me anytime.