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Canadian Imperial Bank of Commerce (CIBC)
Symbol CM
Shares Issued 928,768,222
Close 2025-12-15 C$ 128.38
Market Cap C$ 119,235,264,340
Recent Sedar+ Documents

Globe/CP say CIBC's Grantham sees rates holding steady

2025-12-16 07:12 ET - In the News

The Globe and Mail reports in its Tuesday edition that economists and academics expect the trend of rising prices at the grocery store will follow consumers into 2026 even as Statistics Canada reported the overall inflation rate held steady in November. A Canadian Press dispatch to The Globe says that annual inflation rose 2.2 per cent in November, unchanged from the previous month and a tick below economists' expectations. Grocery prices were up 4.7 per cent year-over-year in November -- a jump from 3.4 per cent in October and the highest level recorded since December, 2023. Rising prices for fresh berries were driving the acceleration in November, and costs were also rising in a broad category that includes prepared foods like soup and potato chips. Prices for fresh or frozen beef were up 17.7 per cent in November amid lower cattle inventories across North America. CIBC senior economist Andrew Grantham said in a note to clients Monday that a series of core inflation metrics declined somewhat in November, suggesting some easing in underlying price pressures. He said core inflation is "still too high to allow further interest rate cuts," but it is also not strong enough to warrant calls for an increase in 2026.

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