CIBC Capital Markets

Artificial intelligence may boost labour productivity for firms, but its wider economic impact remains uncertain given the massive capital and energy investments required. Our Chief Economist Avery Shenfeld explores the impact of AI on total factor productivity in this edition of The Week Ahead.   #AI #LabourProductivity #EconomicOutlook

Canada is weeks away from receiving the federal budget, which is creating a lot of interest from market participants. On the latest episode of Curve Your Enthusiasm, Ian Pollick is joined by Ali Jaffery to discuss why this budget will look different than those in prior years. Listen to the episode here: https://lnkd.in/eg4qQxuj #FederalBudget #EconomicOutlook #BoC

Dan Maleski of Redshaw Advisors joined Tom Heintzman, Vice Chair, Energy Transition and Sustainability at CIBC Capital Markets, to discuss the recent developments to EU carbon pricing policy and the Carbon Border Adjustment Mechanism's (CBAM) evolving implications on global trade. Listen to the episode here: https://lnkd.in/eGFk_zaf #CBAM #CarbonPricing

CIBC Capital Markets was recognized as the Best Principal at Risk Issuer at the SPi Awards for Excellence 2025, hosted by SPi Canada. This award recognizes the issuer of structured products that delivered the highest innovation, offered the best pricing and issued the most capital at risk notes for the Canadian market in the last year. Congratulations to the team on this achievement!   See the full list of winners here: https://lnkd.in/gfi-3gWq Elliot Scherer Barry Kowal Matt Wallace Matt Watson Lauren Looi Robert Forbrigger Rachna Patel Adam Nizynski, CFA Ashley Copeland Patrick O.

Looking for new ways to diversify your portfolio? CIBC continues to expand the CDR marketplace with six exciting new listings: AppLovin, Constellation Energy, Robinhood, Strategy, Reddit, and Philip Morris. With over 100 CDRs to choose from, it’s simpler than ever to access the world’s markets from home. Explore the latest additions and see how CIBC’s expanding CDR lineup can help you build a balanced, globally diversified portfolio. To learn more, visit cibccdr.com Christian Exshaw Bradley Black Elliot Scherer Jake Jeffries Camilo Gil Stephen Galey Richard Mori Taylor Christie Camille Drolet Alex Szatan Kevin Mol Michael Lau Moon Lin, CFA Markus Otema Charlie Li, CFA Osahon (Ossie) Omokhodion Christian Matyasfalvi Mike H. Liu

CIBC Capital Markets is honoured to have been recognized as the 2025 Global Lender of the Year at the IJGlobal ESG Awards, highlighting our commitment to implementing the bank’s ESG strategy. We would also like to congratulate our clients, Net Zero Teesside & Northern Endurance Partnership, for winning the Energy Transition Deal of the Year.   Congratulations to our dedicated teams and clients for making these achievements possible.   More on the award here: https://lnkd.in/esse-_aV   Alex Wilson James Wright Jacqueline Green Siddharth Samarth Chint Kulkarni 

As Ontario and Canada face rising electricity demand and a heightened focus on energy security, CIBC Capital Markets' the Hon. Lisa Raitt will, on Monday, October 20, moderate a discussion with Nicolle Butcher, President and CEO of Ontario Power Generation, on how OPG is powering the province and country’s future with Made-in-Canada solutions at this event hosted by Canadian Club Toronto.   Register here: https://lnkd.in/eGzwGTjY   #NuclearEnergy #EnergySolutions #EnergySecurity

Congratulations to EDP Renewables on the agreement to sell a 49% common equity stake in a 1.6 GW utility scale U.S. renewables portfolio to a fund managed by the Ares Infrastructure Opportunities strategy. The portfolio includes 10 assets that aggregate to 1,632 MW of capacity across four U.S. power markets, with an estimated enterprise value of ~US$2.9 billion for 100% of the portfolio. CIBC Capital Markets is pleased to have acted as Exclusive Financial Advisor to EDPR. Read more here: https://lnkd.in/ehgwfkAx James Brooks Jon Pinchuk Furrukh Memon Richard Ma Lukasz Michalowski John Adamson Dheeraj Dawani Quinn Bredin Matt Morra David McGee Isaac Akselrod Timothy Szo

Happy Thanksgiving to our colleagues, clients, family and friends! We’re grateful for our community and wish you a restful, cozy and safe holiday.

Gold prices are climbing, but the usual economic indicators aren’t pointing to trouble in the US economy. So, what’s driving the rally? In the latest edition of The Week Ahead, Chief Economist, Avery Shenfeld, explores why shifting investor behavior, and not just inflation fears or worries about the dollar, may be behind the move and what this means for market stability.