Jack Lessel CIM, RIS - CIBC Wood Gundy

10/20/2026

Statistics Canada (StatCan) released its Consumer Price Index report for September today. Headline inflation ticked higher on rising gasoline prices, but underlying price pressures cooled off.

This is the last inflation report from StatsCan before the Bank of Canada’s (BoC) next interest rate decision at the end of October. The BoC will need to weigh elevated inflationary pressures against slower economic activity and ongoing risks from trade and geopolitical tensions.

10/19/2026

Last week, it was reported that the US inflation rate accelerated in September, which raised bets the US Federal Reserve Board (Fed) may raise interest rates again. This week, the attention turns to Canada’s inflation rate, which will be closely analyzed so market participants can predict the next move from the Bank of Canada (BoC).

The BoC and Fed make their next interest rate announcements at the end of October. Here are this week’s key announcements.

10/16/2026

Did you know economic and market performance can impact all aspects of your wealth plan from cash flow management to your investment strategy?

In the latest Weekly Market Roundup, our partners at CIBC Global Asset Management discuss recent economic data and how the markets reacted this week. If you’d like to discuss this commentary or have questions about your investment portfolio, please get in touch with me anytime.

Economic data Bond market volatility continued this week as investors and traders grappled with sharp swings in government bond yields. This reflected, in part, the tension between a series of firm inflation readings and elevated growth uncertainty.

10/16/2026

The US released some critical economic reports yesterday. The retail sales and producer price reports for September showed strong spending, but also rising costs that could keep inflation and interest rates elevated. Market attention immediately turned to the US Federal Reserve Board (Fed) and how these results might impact its upcoming interest rate decision.

10/15/2026

The US Bureau of Labor Statistics released its Consumer Price Index (CPI) report for September yesterday. US inflation accelerated on surging gasoline prices, which may keep pressure on the US Federal Reserve Board (Fed) to raise interest rates again in 2026. Here’s more from the report.

10/14/2026

The International Monetary Fund (IMF) released its October 2026 World Economic Outlook yesterday. The IMF slightly upgraded its global economic growth projections, while warning that the outlook is highly uneven and risks are building.

The global economy has demonstrated its resiliency in recent years, despite rising trade and geopolitical tensions, along with surging energy prices.

10/13/2026

Looking at the week ahead, there will be several key economic announcements in Canada, particularly from its real estate market. Amid escalating trade tensions, economic and job uncertainty has heightened, which could dampen demand for real estate.

The US will see its last headline inflation release before the US Federal Reserve Board’s (Fed) next interest rate decision on October 28. Here’s what to watch for this week.

10/09/2026

Did you know economic and market performance can impact all aspects of your wealth plan from cash flow management to your investment strategy?

In the latest Weekly Market Roundup, our partners at CIBC Global Asset Management discuss recent economic data and how the markets reacted this week. If you’d like to discuss this commentary or have questions about your investment portfolio, please get in touch with me anytime.

Economic data After a brief appearance during the “transitory” inflation spike of 2022, bond vigilantes have once again emerged from the shadows and are striking fear in the hearts of central bankers and governments alike. As with any sequel, the stakes are higher this time: the story is no long...

10/09/2026

The World Trade Organization (WTO) released its updated merchandise trade outlook yesterday. The WTO raised its forecast for global merchandise trade as supply chains adapted to the Middle East conflict and spending on artificial intelligence (AI) surged.

Still, several risks could weigh on the brighter outlook, including an escalation of geopolitical tensions and a slowdown in AI spending.

10/08/2026

The Mortgage Bankers Association of America (MBA) released its weekly mortgage applications survey yesterday for the week ending October 2. The report showed borrowing costs climbing higher for a seventh consecutive week, while demand continues to cool off.

The report paints a relatively bleak picture for the US real estate market, where buyers are facing high mortgage rates and already elevated home prices.