Avery Shenfeld is Managing Director and Chief Economist at CIBC, having been with the firm since 1993. He holds a Ph.D. in economics from Harvard University. One of the country’s most sought after commentators, he has consistently ranked as one of the top economists in a survey of Canadian institutional equity investors, and has received multiple awards for forecast accuracy in Canada and the US.
Low yields require investors to adjust their portfolios and expectations.
Avery Shenfeld discusses the Fed’s new interest rate policy, which aims to average inflation at 2%. He cautions this could cause investors to switch from bonds to other assets, and that the housing market may soon slow down.
A Biden victory comes with sector winners and losers.
Avery Shenfeld explains how each outcome of the election could impact the market. He also reveals why mail-in votes could spur market volatility.
CIBC's chief economist explains what's ahead for the economy and financial markets.
How the U.S. election could impact Canada.
Slow growth, yes. Recession? Not necessarily.
Find out when worry is warranted
Get ready for the range-bound Canuck buck to make some moves