Barclays has downgraded its outlook on four of Canada's big banks, saying the country's slowing economy leaves little upside potential for the banks.
The economy grew more slowly than expected in the fourth quarter as government spending fell sharply and business investment pulled back.
CIBC has decided to "selectively reduce a number of positions," the bank confirmed in an email to CBC News Thursday evening.
Canada's housing market is already seeing the impact of falling interest rates, with nearly half of Canadians telling a new survey that they are planning to buy a home in the next five years and more than 15 per cent saying cheaper mortgage rates will allow ...
The Bank of Canada's surprise rate cut last week was �understandable� and further monetary easing may be warranted depending on how the Canadian economy reacts to lower oil prices, the International Monetary Fund said Friday.