Avery Shenfeld Auhtor Headshot Image

Avery Shenfeld

Avery Shenfeld is Managing Director and Chief Economist of CIBC Capital Markets. He has been with CIBC since 1993 and is widely recognized as one of Canada’s leading economists for his perceptive analysis and insight on economic developments and their implications for financial markets. He is a repeat winner of the Dow Jones Market Watch forecasting award and has received awards for forecast accuracy on the U.S. and Canadian economies by Bloomberg Markets. He has also been consistently ranked as one of the top Canadian economists by institutional investors. His prior background includes experience in management consulting. He was on the economics faculty at the University of Toronto and in the summer program at Harvard’s John F. Kennedy School of Government. He has addressed numerous business groups and has been quoted in the media in the United States, Canada, Asia and Europe. Dr. Shenfeld holds a PhD in Economics from Harvard University.

Economy

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Trade uncertainties create two potential paths for economy

CIBC’s chief economist Avery Shenfeld says there are still “some rays of sunshine” that could emerge later this year.

By Avery Shenfeld |March 24, 2025

8 min 44 sec | Related Article

Economy

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Market Impacts of U.S. Election

Protectionism is a big risk for economy, Shenfeld says.

By Avery Shenfeld |November 11, 2024

9 min 41 sec | Related Article

Economy

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Canada Needs a Productivity Revolution

As inflation nears its target, concerns over per capita output and unemployment persist.

By Avery Shenfeld |July 15, 2024

9 min 51 sec | Related Article

Economy

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Canada Likely to See Rate Cuts Before U.S.

CIBC's chief economist sees the Bank of Canada easing its policy in Q2 2024.

By Avery Shenfeld |November 21, 2023

9 min 37 sec | Related Article

Economy

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BoC Enters “Tricky” Stage as Inflation May Rise Again

The last few hikes are more art than science, CIBC's chief economist says.

By Avery Shenfeld |August 8, 2023

8 min 11 sec | Related Article

Economy

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A Soft Landing May Still Be in Sight

CIBC's chief economist says it could be a "wobbly" first half of the year for equity markets.

By Avery Shenfeld |March 13, 2023

8 min 57 sec | Related Article

Economy

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Don’t Expect a Smooth Path for Inflation

CIBC's chief economist says a longer period of negligible growth may be necessary.

By Avery Shenfeld |October 19, 2022

6 min 10 sec | Related Article

Economy

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Are We There Yet?

What central banks need to see before pausing.

By Avery Shenfeld |October 7, 2022

4 min 28 sec

Economy

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How Bad Would a Recession Next Year Be?

Some interest-sensitive sectors have already seen a decline.

By Avery Shenfeld |September 2, 2022

4 min 31 sec | Related Article