CIBC Wood Gundy - Allan Bush Investment Team

09/08/2026

The Fed makes its next interest rate announcement on September 16. While the US labour market report was relatively robust, markets expect the Fed’s decision to be largely based on this week’s inflation report. Canada-US trade tensions may be in the news this week with Canada set to impose new retaliatory tariffs on the US.

09/04/2026

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 The month of September has arrived, but the sun keeps shining on the US economy. The week opened with the Institute for Supply Management (ISM) manufacturing and services surveys both signaling healthy expansion, at 54.

09/04/2026

Statistics Canada reported Canada’s merchandise trade surplus narrowed sharply in July as exports declined for the first time in six months, while imports increased. Particularly notable amongst the data was a significant drop in exports to the US.

This drop came in July, just before trade tensions escalated between the two countries, leading to more tariffs.

09/03/2026

At its September meeting, the Bank of Canada (BoC) held its benchmark overnight interest rate steady. Inflation remains elevated and above target.

However, inflationary pressures still appear to be largely contained to energy prices, and have not spilled over to other products, as evidenced by core inflation near the BoC’s 2% target. But the BoC did acknowledge that global developments have raised the upside risks to inflation. Here’s more from yesterday’s interest rate decision.

09/02/2026

S&P Global reported that Canada’s manufacturing sector expanded for a fifth straight month in August, albeit at a slightly slower pace than in July. Canada’s manufacturing sector has improved in 2026 compared to 2025, suggesting manufacturers and businesses have adapted to trade disruptions with the US.

However, the outlook is now clouded after fresh Canada-US trade tensions reemerged in late August.

09/01/2026

The Bank of Canada is expected to keep interest rates unchanged this week, but rising trade tensions with the U.S. are making the outlook less clear.

While Canada’s economy was stronger than expected in Q2, new tariffs are adding pressure and could weigh on growth in the months ahead.

Read more here:
https://bit.ly/4qNRDsp

The Bank of Canada finds itself in a familiar dilemma this week as the escalating trade war with the United States casts an uncertain light over Wednesday’s interest rate decision.

09/01/2026

Last Friday, Statistics Canada reported that Canada’s gross domestic product grew at a relatively sharp pace over the second quarter of 2026. In fact, it was the fastest pace of growth since early 2023 and well above the Bank of Canada’s (BoC) own forecast.

Despite the sharp improvement in the second quarter, trade tensions with the US flared up again in August, raising uncertainty towards the outlook for Canada’s economy over the remainder of 2026.

09/01/2026

Toronto’s end-of-summer tradition is back, and the Canadian National Exhibition is once again serving up plenty of conversation-worthy food creations. From nostalgic favourites to bold new flavours, this year’s lineup is a reminder of the city’s creativity and energy. Read more: https://bit.ly/4gJ6bF0

Kraft Dinner smoothies, nitrogen-infused Oreo treats and pickle-flavoured coffee are among the wild food offerings at the Canadian National Exhibition this year.

08/31/2026

The end of August turned out to be eventful after trade negotiations between Canada and the US fell apart, which resulted in the US imposing tariffs on Canada, and Canada saying it will also impose new tariffs on the US beginning on September 8.

This week will have several key economic announcements in Canada, which will garner attention from the investor community. Here’s what to watch for this week.

08/31/2026

Canada is well positioned to benefit from stronger allied demand for secure energy and critical minerals, alongside a domestic investment push that could support potential growth.

Learn more: https://bit.ly/4iBmIxh

Authors: Eric Morin and Daniel Greenspan