Paul Harmel WG

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06/05/2026

This week in The Week Ahead, Avery Shenfeld notes the Bank of Canada’s careful and measured approach as markets zero in on talk of “consecutive” rate hikes.

Despite the attention on specific language, policymakers remain focused on the bigger picture, weighing risks on both sides and opting to wait for clearer signs from the economy before making any moves.

06/04/2026

Yesterday’s ADP National Employment Report showed that US private sector hiring gained momentum in May, adding to a growing body of evidence that the US labour market is remaining resilient despite elevated inflation and ongoing geopolitical uncertainty.

06/03/2026

Financial planning is a bridge between where you are today and the goals you want to achieve in the future. As Amin Kanji, Executive Director of Family Enterprise Advising, CIBC, emphasizes, thoughtful, proactive planning helps ensure your wealth supports you through every stage of life, no matter what the future holds.

Discover how CIBC Private Wealth can help you achieve your goals: https://bit.ly/3RIkZep

06/02/2026

At the end of May, Statistics Canada announced Canada’s gross domestic product (GDP) shrank in the first quarter of 2026. Due to the contraction in the fourth quarter of 2025, Canada’s economy fell into a technical recession, which is marked by two consecutive quarters of falling economic growth.

Canada’s economy is feeling the impact of trade and geopolitical tensions, which is also clouding the outlook. Canadian households and businesses are facing headwinds from surging prices and lower confidence. Here are more details from Canada’s first quarter GDP report.

06/01/2026

Last Friday, Statistics Canada (StatsCan) reported that Canada’s economy fell into a technical recession after contracting for a second straight quarter in the first quarter of 2026. The results suggest Canada’s economy has come under pressure amid trade, geopolitical tensions and higher prices.

This week, we will get some insight into Canada’s labour market, another area that is being challenged and weighing on overall growth. Looking abroad, investor attention continues to be on the negotiations of a peace deal between the US and Iran. Here are some key scheduled economic announcements to watch for this week.

05/29/2026

The rapid evolution of artificial intelligence (AI) is reshaping the technology sector, with unprecedented investment in infrastructure and a significant shift in market leadership. In this Q&A, Mickey Ganguly, Associate Portfolio Manager, Equities, discusses the latest trends in AI infrastructure, the diverging fortunes within the technology sector, and current market valuations.

Learn more: https://bit.ly/49OIs3R

05/28/2026

Another report released on Tuesday showed that US consumer confidence is falling amid rising prices, which is putting the squeeze on consumers and raising uncertainty on the overall health of the US economy.

Tuesday’s report from the Conference Board showed that consumer confidence is deteriorating as a result of current expectations, which matched the University of Michigan’s gauge of consumer confidence released last week. Consumer confidence is widely considered a leading economic indicator. Here’s more from the Conference Board’s report.

05/27/2026

Data from 2026 thus far has shown Canada’s labour market conditions slowing with the economy losing jobs and the unemployment rate moving higher. However, Bank of Canada (BoC) External Deputy Governor Nicolas Vincent said that the labour market may not only be slowing down, but it may also be going through a structural change.

Vincent believes this is evidenced by its current “low-hire, low-fire” environment. While the BoC can make monetary policy changes to help support the labour market, shifting monetary policy is less effective during times of structural change.

05/26/2026

Last Friday, Statistics Canada (StatsCan) reported that Canadian retail sales jumped higher in March 2026. On the surface, the growth in retail sales was an encouraging number. However, a closer look beyond the headlines showed broad-based spending began to decline as higher oil prices took hold.

The majority of Canadians’ spending in March was related to gasoline prices, whereas non-gas sales declined. Canadians have been resilient amid trade and geopolitical tensions, but higher inflation clouds the spending outlook.

05/25/2026

This week in The Week Ahead, Avery Shenfeld highlights how US deficits and global tensions are keeping long-term Treasury yields high. Even if rates fall briefly, lasting challenges mean higher borrowing costs could continue to impact housing and economic growth.

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