CIBC Wood Gundy - Allan Bush Investment Team

11/03/2026

Canadian manufacturing activity slipped into contraction in October. This marked the sector’s first contraction of 2026. After struggling over 2025 in response to US tariffs, manufacturing activity has been stronger this year.

However, new US tariffs imposed in August are having an impact on manufacturing activity in tariff-impacted sectors. Meanwhile, US factories continued to expand in October. Trade tensions between the two countries remain a key factor.

11/02/2026

Canada will release key economic data this week, including its trade balance. Reports and comments from key officials have showed that Canada and the US have returned to talking trade.

While a deal remains elusive, being back at the table is a positive sign. Meanwhile, Canada and the European Union held a summit late last week, where they spoke about strengthening their relationship in trade, AI and security. Here’s what to watch for this week.

11/01/2026

Year-end tax planning is rarely just about one deadline.

This year, discussions may focus on a final chance to carry a capital loss back to 2023, the timing needed for year-end tax-loss selling, and, for business owners, salary-or-dividend decisions that can shape both current and future plans.

Starting earlier can make it easier to review the numbers, weigh the options, and act while the window is still open.

Read more in our latest article: https://bit.ly/4ifpNCO

10/31/2026

When families are ready to transfer wealth, the next question is often how to do so thoughtfully. A gift, loan or asset transfer can carry important tax, legal and planning implications.

Learn more about the key considerations in structuring support for the next generation: https://bit.ly/3WYyF7p

10/30/2026

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 It was the best of times, it was the worst of times—but above all, it was a week that tested investors conviction in the AI trade. Amid a broadly constructive earnings season, a handful of high-profile earnings misses in the technology sector left risk assets battered but unbowed.

10/30/2026

The US economy grew faster than expected in the third quarter of 2026, supported by consumer spending and business investment in AI.

US consumers continue to demonstrate their resiliency despite elevated inflationary pressures, which showed more signs of persisting in September as the personal consumption expenditure price index (PCE) accelerated.

10/29/2026

The Bank of Canada (BoC) raised its policy interest rate by 0.25 percentage points to 2.50% yesterday, which was its first increase since July 2023.

The BoC cited higher energy prices pushing up inflation, while the economy has been more resilient than expected. Canada’s central bank also said it may not be done raising interest rates. Here’s more on the BoC’s interest rate decision.

10/28/2026

A standoff between Ottawa and Stelco's US owner, Cleveland-Cliffs Inc., over layoffs in Hamilton is drawing attention to how US tariffs are affecting Canadian industry. Back in September, Cleveland-Cliffs announced the closure of some operations in Hamilton, largely in response to US tariffs, which would result in layoffs.

10/27/2026

Canadian shoppers spent more in August, and an early estimate points to another gain in September. This was according to Canada’s retail sales report that was released by Statistics Canada (StatsCan). The data suggest household spending held up well in the third quarter, despite waning consumer confidence and fresh trade tensions with the US.

However, comments from several US officials and outside reports over the last few days indicated that Canada and the US have re-engaged in trade talks, which appear to be progressing.

10/26/2026

The wait is finally over. The Bank of Canada (BoC), US Federal Reserve Board (Fed) and European Central Bank (ECB) will make their interest rate announcements this week.

Markets will carefully analyze their decision, and what each bank has to say about inflation and their respective economies, including the potential risks. But the critical economic announcements will not stop there, with key data scheduled to be released from all parts of the world.