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Stephen Mirarchi

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Tower of the White House

US leaves federal funds rate unchanged, despite Canada already cutting rates

CIBC Private Wealth

July 31, 2024

Last week the Bank of Canada (BoC) reduced the policy rate by 25 basis points (bps), but today the US Federal Reserve (Fed) didn’t follow suit.

Read more Read more about US leaves federal funds rate unchanged, despite Canada already cutting rates
Tower of Canadian parliament building

Bank of Canada continues along the path of reducing interest rates

CIBC Private Wealth

July 24, 2024

The Bank of Canada (BoC) today reduced its target for the overnight rate by 25 basis points (bps) to 4.5%.

Read more Read more about Bank of Canada continues along the path of reducing interest rates
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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.


CIBC Private Wealth services are available to qualified individuals. The CIBC logo and “CIBC Private Wealth” are trademarks of CIBC, used under license.