11 June | Other

Canada’s economy is in ‘suspended animation’ — CEO of Canadian Imperal Bank of Commerce

Canada’s economy is in ‘suspended animation’ — CEO of Canadian Imperal Bank of Commerce

According to Canadian Imperial Bank of Commerce head, Victor Dodig, the Canadian economy is experiencing a period of stagnation. Major investment projects are frozen, and unemployment has reached 7%, demonstrating four months of weak employment growth.

Dodig believes the current situation does not qualify as a crisis, but a revival of the economy requires lower interest rates, stimulus measures, and a clear trade policy. He also noted that restoring Canada’s reputation as an attractive investment destination will take considerable time, even if all proposed measures are implemented.

A recent Bloomberg survey of economists suggests further slowdown for the Canadian economy this year. The country’s GDP is expected to contract in the Q2 and Q3, followed by modest growth by year-end. The labor market is also showing signs of deterioration, with employment growing very slowly or declining for four consecutive months.

Brent sell
Period: 26.09.2025 Expectation: 176 pips
Brent prices decline due to uncertain demand outlook
Yesterday at 11:10 AM 163
Period: 26.09.2025 Expectation: 100 pips
Selling SPX with $6,620 target
Yesterday at 09:38 AM 179
Period: 25.09.2025 Expectation: 700 pips
GBPUSD has one more correction target left at 1.348
Yesterday at 09:26 AM 165
Period: 26.09.2025 Expectation: 740 pips
AUDCAD set to bounce off support as Canadian dollar faces fundamental pressure
Yesterday at 06:39 AM 20
Period: 25.09.2025 Expectation: 200 pips
Buying natural gas with $3.230 target on seasonal demand and technical pullback
18 September 2025 330
Period: 22.09.2025 Expectation: 10000 pips
ETHUSD set to rise after descending channel breakout
18 September 2025 317
Go to forecasts