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Robert Christopher, CIM™

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Blog

CIBC Private Wealth

February 03, 2025

Economy Professionals In the news News
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Tower of the White House.

Navigating US policy dynamics

Anticipated effects of the new trade tariffs

 

US President Trump announced tariffs of 25% on goods imports from Canada and Mexico, and 10% on imports from China. Canadian oil exports to the US faces a lower tariff rate of 10%. This outcome is a lot more punitive than we had expected, and has potentially important implications for growth, inflation, and market volatility.

 

Anticipated effects of the new trade tariffs

 

 

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CIBC Private Wealth” consists of services provided by CIBC and certain of its subsidiaries through CIBC Private Banking; CIBC Private Investment Counsel, a division of CIBC Asset Management Inc. (“CAM”); CIBC Trust Corporation; and CIBC Wood Gundy, a division of CIBC World Markets Inc. (“WMI”). CIBC Private Banking provides solutions from CIBC Investor Services Inc. (“ISI”), CAM and credit products. CIBC Private Wealth services are available to qualified individuals. Insurance services are only available through CIBC Wood Gundy Financial Services Inc. In Quebec, insurance services are only available through CIBC Wood Gundy Financial Services (Quebec) Inc.


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