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Eyes on the Economy

Business

Activity Overview

Episode publication activity over the past year

Episodes

Canada’s 2026 Outlook: Inflation, Bank of Canada policy, and Housing

12 Dec 2025

Contributed by Lukas

CIBC’s Chief Economist, Avery Shenfeld, reviews evidence on why neither cost-push inflation nor diminishing economic slack are likely to pressure th...

Household credit shifts & tariff turns: What's next for Canada?

12 Nov 2025

Contributed by Lukas

CIBC's Chief Economist, Avery Shenfeld, and Deputy Chief Economist, Benjamin Tal, discuss the latest trends in Canadian household credit, including ri...

Canada’s student immigration surge: Neither a blessing, nor a curse

28 Oct 2025

Contributed by Lukas

CIBC senior economists Katherine Judge and Ali Jaffery assess the impact of the recent wave of rapid student immigration on the economy and the labor ...

Navigating Uncertainty: Inflation, Interest Rates, and Growth Challenges in Canada

02 Oct 2025

Contributed by Lukas

Avery Shenfeld, Chief Economist at CIBC, and Lawrence Schembri, former Deputy Governor of the Bank of Canada, discuss the outlook of the Canadian econ...

Unlocking the Housing Puzzle: Immigration, Rentals, and the Affordability Crisis

17 Sep 2025

Contributed by Lukas

Benjamin Tal, CIBC's Deputy Chief Economist, and Katherine Judge, CIBC Senior Economist, discuss the evolving landscape of Canadian immigration policy...

The economic impact of US immigration policy

19 Aug 2025

Contributed by Lukas

Avery Shenfeld, CIBC’s Chief Economist, and Ali Jaffery, CIBC Senior Economist, discuss their recent report on US immigration policy and what this m...

The need for rate cuts in Canada and the US, and if so, when?

08 Jul 2025

Contributed by Lukas

Avery Shenfeld, CIBC's Chief Economist, and Katherine Judge, CIBC Senior Economist, discuss the complexities of interest rate policies and their impac...

Where are the US and Canadian economies headed?

10 Jun 2025

Contributed by Lukas

CIBC senior economists Katherine Judge and Ali Jaffery provide an update on our US and Canadian economic outlooks and discuss risks around the forecas...

A discussion on defence spending in Canada

28 May 2025

Contributed by Lukas

Benjamin Tal, CIBC’s Deputy Chief Economist, and Katherine Judge, CIBC Senior Economist, provide insight into the trajectory of defence spending in ...

A conversation with Paul Krugman

12 May 2025

Contributed by Lukas

On Friday, May 9th, CIBC’s Chief Economist Avery Shenfeld, was joined by Nobel Prize Winning Economist and former NY Times Columnist Paul Krugman t...

Would bringing all the factory jobs back be a winner for the US?

29 Apr 2025

Contributed by Lukas

Avery Shenfeld, CIBC’s Chief Economist, and Andrew Grantham, CIBC Senior Economist, look at why a tariff-driven, broad rebound in the factory share ...

Why time is not on Trump’s side

02 Apr 2025

Contributed by Lukas

Benjamin Tal, CIBC’s Deputy Chief Economist, joins Katherine Judge, CIBC Senior Economist, to discuss the deteriorating US economic backdrop, the tr...

Assessing the gains from removing interprovincial barriers

18 Mar 2025

Contributed by Lukas

Avery Shenfeld, CIBC’s Chief Economist, and Ali Jaffery, CIBC Senior Economist, discuss their recent report on reducing Canadian internal trade barr...

Where are we on US budget process?

04 Mar 2025

Contributed by Lukas

CIBC Senior Economist Ali Jaffery interviews Chief Economist Avery Shenfeld about his latest note on US fiscal policy, discussing the House budget res...

Trouble in Tariffs

11 Feb 2025

Contributed by Lukas

Avery Shenfeld, CIBC’s Chief Economist is joined by his colleague, Senior Economist Ali Jaffery, to discuss the threat of tariffs being posed by the...

US Deficits and Tariffs: Clues from Trump’s Nominees

04 Dec 2024

Contributed by Lukas

CIBC Senior Economist Katherine Judge interviews Chief Economist Avery Shenfeld about his take on Trump’s nominees, and what signals can be gleaned ...

A Hitchhiker’s Guide to the Bank of Canada

20 Nov 2024

Contributed by Lukas

CIBC Chief Economist Avery Shenfeld chats with Ali Jaffery, CIBC Senior Economist about how to read the tea leaves in this easing cycle. Those tea lea...

No love of labor: Why the US labor market needs some preventative medicine

30 Oct 2024

Contributed by Lukas

Benjamin Tal, CIBC’s Deputy Chief Economist, joins Ali Jaffery, Senior Economist to talk through their latest note dissecting the US labor market. M...

Special Guest: Former Fed Vice Chair Rich Clarida gives his take on the US outlook

24 Sep 2024

Contributed by Lukas

CIBC Chief Economist Avery Shenfeld is joined by Dr. Richard Clarida, Managing Director & Global Economic Advisor, PIMCO, who shares his perspectives ...

US Elections and trade policy: What’s at stake for the US and Canada?

10 Sep 2024

Contributed by Lukas

Avery Shenfeld, CIBC's Chief Economist, joins Ali Jaffery, Senior Economist, to discuss the US federal election and the future directions of trade pol...

Latest on the Economy – Three things we are watching

27 Aug 2024

Contributed by Lukas

Avery Shenfeld, CIBC's Chief Economist, joins Ali Jaffery, Senior Economist, to discuss the labour dispute in Canada’s rail sector, what commodity p...

US recession fears and implications

12 Aug 2024

Contributed by Lukas

Avery Shenfeld, CIBC’s Chief Economist, joins colleague Andrew Grantham, Senior Economist, to discuss the slowing in the US economy and emerging rec...

Seeking shelter from shelter inflation

16 Jul 2024

Contributed by Lukas

CIBC Capital Markets' Senior Economists, Ali Jaffery and Katherine Judge, discuss the outlook for shelter inflation in the US and Canada and why mortg...

The Bank of Canada Outlook: Sticking to our guns for now

03 Jul 2024

Contributed by Lukas

Avery Shenfeld, CIBC's Chief Economist, joins Ali Jaffery, CIBC's Senior Economist, to discuss why May’s inflation report needn’t deter the Bank o...

Evaluating the BoC’s maneuvering room

19 Jun 2024

Contributed by Lukas

Benjamin Tal, Deputy Chief Economist, CIBC and Katherine Judge, Senior Economist, CIBC discuss how labour market dynamics and inflation risks are impa...

How far can the BoC diverge from the Fed?

04 Jun 2024

Contributed by Lukas

In this episode of Eyes on the Economy, Katherine Judge chats with Ali Jaffery about potential monetary policy divergence between the Bank of Canada a...

Food for thought on Canadian fundamentals

22 May 2024

Contributed by Lukas

Avery Shenfeld, CIBC’s Chief Economist joins Andrew Grantham, Executive Director & Senior Economist, to discuss Canadian inflation, central bank pol...

How boomers and work-from-home changed American spending patterns

30 Apr 2024

Contributed by Lukas

Ali Jaffery and Katherine Judge discuss the strength of the US consumer, which reflects a wave of wealthy retirees and lifestyle changes associated wi...

The federal budget – what does it mean for the economy and the markets?

18 Apr 2024

Contributed by Lukas

Avery Shenfeld, CIBC’s Chief Economist, joins host Ali Jaffery to discuss Canada’s Federal Budget, where it stands relative to previous forecasts,...

Where are we headed? The case for déjà vu.

02 Apr 2024

Contributed by Lukas

Benjamin Tal, Deputy Chief Economist at CIBC joins Avery Shenfeld to discuss Fed policy and where the US economy is heading, pointing to the fact that...

Out of sync views on the US economy

20 Mar 2024

Contributed by Lukas

In the inaugural episode of the Eyes on The Economy, our Chief Economist Avery Shenfeld, takes a closer look at the US economy – exploring the dicho...