02:07 PM EST, 03/07/2025 (MT Newswires) -- Avery Shenfeld noted as stronger economic data rolled in over the last couple of months, CIBC maintained what had become a non-consensus forecast for a quarter point rate cut by the Bank of Canada in March, lacking confidence that the trade war threat would simply disappear. And, he said, as that risk has become apparent, markets and consensus forecasts are mostly on board with the same view. CIBC doesn't expect the BoC to provide much in the way of forward guidance next Wednesday, as it "doesn't have a crystal ball" on where trade policy is headed, and CIBC noted this announcement doesn't come with a new economic forecast.

With other data, CIBC said manufacturing shipments data due next Friday will look "deceptively strong", as firms rushed to get goods to US customers before tariffs kicked in.

(Also on the CIBC calendar for next week are January building permits data on Thursday; and January wholesale sales next Friday.)

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