Rob Sarkissian, Wealth Advisor at CIBC Private Wealth Management

Rob Sarkissian, Wealth Advisor at CIBC Private Wealth Management Rob Sarkissian is a lifetime resident of the North Shore near Vancouver, BC. Rob attended University of Victoria and holds a degree in Economics.

Rob also holds a diploma in Business Administration from Capilano University.

06/11/2026

The Bank of Canada (BoC) again left its benchmark overnight interest rate unchanged yesterday. The decision came as Canada’s economy faces competing pressures, with weak economic activity on one side and rising energy prices stemming from the conflict in the Middle East on the other.

Rather than commit to a certain path, the BoC said it’s keeping its options open as it watches how energy prices and trade tensions play out.

06/10/2026

Canada’s latest international merchandise trade data was released by Statistics Canada, and the results offered positive news for the Canadian economy. Exports climbed to a record high in April, helping push Canada’s trade surplus well above March levels.

The ongoing conflict in the Middle East continued to play a key role, keeping energy prices elevated and global demand for Canadian oil and natural gas strong. The data also showed continued progress on the US trade front, despite the backdrop of US tariffs.

06/09/2026

Statistics Canada reported Friday that Canada’s labour market rebounded sharply in May, adding far more jobs than analysts had expected. The strong result comes just days before the Bank of Canada’s (BoC’s) interest-rate decision on June 10, adding a new variable to an already complicated policy picture.

06/08/2026

With tensions in the Middle East persisting, markets continue to analyze the movement of consumer prices and how it may impact consumer and business activity, along with the global economy. This week, a couple of major central banks, including the Bank of Canada (BoC), will make their interest-rate decisions.

Markets will carefully analyze what they say about prices and how it is impacting their domestic economies. In addition to central bank actions, here’s what else to look for this week.

06/05/2026

Eurozone retail sales figures released yesterday by Eurostat point to a consumer slowdown in April, adding to a difficult week of economic data for the region. Higher energy costs tied to the conflict in the Middle East may be squeezing household budgets and dampening spending appetite.

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

Eurostat, the statistical office of the European Union, released its latest flash estimate of euro area inflation, showing that prices continued to rise in May. The ongoing conflict in the Middle East is keeping energy costs elevated across Europe, pushing overall inflation higher and putting pressure on consumers and policymakers alike.

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.

05/31/2026

This week in The Week Ahead, Avery Shenfeld highlights how, despite other priorities occupying the President, trade policy remains a key focus. The stalled momentum on Canada-US trade developments and the likely delay of the USMCA reviews Canada’s continued vulnerability to US tariffs and shifting trade strategies.

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