02:15 PM EDT, 10/10/2025 (MT Newswires) -- Given that next week will be holiday shortened, with the Canada Thanksgiving holiday on Monday, and also will be devoid of major releases that generate market reactions, Avery Shenfeld said CIBC already awaits the release of October 21 CPI data that will be of importance to the Bank of Canada's (BoC) October rates decision.

Shenfeld noted the release of both August Manufacturing and August Wholesaling data on Wednesday, and September Housing Starts on Thursday will help "fine tune" Q3 GDP estimates "a bit". He said notwithstanding the partial rebound in September employment, GDP appears to have been tracking

towards "only meagre growth" in the quarter.

The CIBC forecast for Wednesday's Manufacturing Shipments is -1.5% M/M, in line with consensus, and for Wednesday's Wholesale Sales ex-petroleum it is -1.3% M/M. For Housing Starts, CIBC forecasts 260k compared to a consensus 247.5k.

Shenfeld also noted that Senior Canadian government officials have been hanging out in Washington in an effort to get a deal on sectoral tariffs, with the most hope for a bit of relief in base metals.

Bank of Canada Governor Tiff Macklem, Shenfeld noted, is also due to speak in that same city on Thursday, taking part in a fireside chat at the Peterson Institute for International Economics, Washington, DC. at 1.30pm ET.

(Also on the calendar for next week are August Building Permits and a fireside chat involving BoC Senior Deputy Governor, Carolyn Rogers, at the Business Council of British Columbia's B.C. Business Summit

Vancouver, BC, at 12.10 ET on Tuesday.

(September Existing Home Sales data and an auction of $3 billion in 30-YR CANADAS are slated for Wednesday. And August Int'l Securities Transactions data is due out Friday.)

Price: 112.48, Change: +0.34, Percent Change: +0.30