The Pope Team
While equities, specifically bank stocks, may be volatile over the short-term, CIBC continues to have confidence in the Canadian banking sector over the medium to long-term.
Attention turns toward Canadian inflation and major central banks.
The overnight rate remains unchanged at 4.5% as the Bank of Canada holds interest rates today.
In this edition of CIBC Asset Management’s Market Spotlight, Giuseppe Pietrantonio discusses which metrics the BoC pays attention to when making rate decisions.