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Canadian Imperial Bank of Commerce (CIBC)
Symbol CM
Shares Issued 933,313,794
Close 2025-07-11 C$ 100.04
Market Cap C$ 93,368,711,952
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Globe/CP say CIBC expects pace of inflation to pick up

2025-07-14 09:25 ET - In the News

The Globe and Mail reports in its Monday edition that economists expect the pace of inflation picked up in June as the Bank of Canada continues to search for tariff effects in the price data. A Canadian Press dispatch to The Globe reports that Statistics Canada is set to report Consumer Price Index data for June on Tuesday. CIBC expects the release will show the annual pace of inflation rose a tenth of a percentage point to 1.8 per cent. CIBC economist Katherine Judge said in an interview that she expects goods inflation was fuelling price pressures in the month. Some of that can be tied to the impact of Canada's tariff dispute with the United States, she said. On the opposite end, Ms. Judge is looking for relief on rental prices to help take some of the steam out of shelter inflation. She said, "The rent index has not yet picked up drops in rents that we've seen for vacant units across the country, so that's something that will partly offset tariff impacts." The June CPI release will be the BOC's last look at inflation before its next interest-rate decision set for July 30. Financial markets are broadly expecting the central bank to hold its policy rate steady for a third consecutive time at that meeting.

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