Economy

CIBC’s Shenfeld top forecaster of Canadian, U.S. economies

Bloomberg Markets has named CIBC’s chief economist Avery Shenfeld as the top forecaster of the Canadian economy over the last two years. No other bank economist ranked among Bloomberg’s Top 3 forecasters of the Canadian economy for the two-year period ended on Sept. 30. “These awards illustrate the strength and depth our economics team and […]

By Staff |December 12, 2012

1 min read

Saudis cut oil production

The Financial Times reports that the Saudis have brought production down to its lowest level in a year, citing a hike in U.S. production of crude and lower demand stemming from weak economic growth.

By Staff |December 12, 2012

1 min read

Hong Kong to make banks liable for deceptive IPOs

The Financial Times reports that Hong Kong’s Securities and Futures Commission wants new rules that would make investment banks criminally responsible for misrepresentations made by firms they help go public.

By Staff |December 12, 2012

1 min read

“Cliff” deal unlikely before Christmas

CNBC.com reports Senate Majority leader Harry Reid says a resolution to "fiscal cliff" negotiations is unlikely before Christmas.

By Wire services |December 11, 2012

1 min read