The Globe and Mail reports in its Tuesday edition that National Bank Financial analyst Gabriel Dechaine says the credit outlook remains "one of the greatest uncertainties" facing Canada's Big Six banks. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dechaine has reaffirmed his "sector perform" recommendation and $110 share target for Canadian Imperial Bank of Commerce. Analysts on average target the shares at $110.87. Mr. Dechaine says in a note: "Evolving trade negotiations in the U.S., a slow housing market and rising unemployment have dampened the economic outlook. On the other hand, a new Canadian Government aiming to advance nation-building projects and reduce red tape impeding investment offers potential improvement in the future. The timing differences between the former items (current) and the latter situation (future) have amplified uncertainty, a word that has been used nearly 300 times on earnings calls so far in 2025. And that, ahem, uncertainty has been evident in the trend of banks adding to performing allowances for 13 consecutive quarters." The Globe reported on June 25 that Canaccord analyst Matthew Lee had reaffirmed his "hold" call for CIBC. It was then worth $96.35.