Canada’s economy is currently in a state of stagnation, described as “suspended animation” by Victor Dodig, CEO of the Canadian Imperial Bank of Commerce (CIBC). Speaking at an automotive industry event near Toronto, Dodig noted that major investments are largely on hold due to ongoing trade uncertainties. However, he expressed optimism about a potential recovery in the coming months if supportive measures are implemented. These measures include lower interest rates, pro-growth policies, and clearer trade regulations. While Dodig does not view the current situation as a crisis, he emphasized the need for decisive action to reignite economic momentum.
— new from Bloomberg
