CIBC Recommends Banks & Bonds Over Energy

The Globe and Mail, Tavia Grant, 3 October 2006Jeffrey Rubin, one of the most bullish voices on Bay Street, has changed tack and now recommends banks and bonds over energy as a slowing U.S. economy puts the brakes on consumer spending.That drop-off in demand will likely prompt interest-rate cuts on both sides of the border, Canadian Imperial Bank of Commerce chief strategist Mr. Rubin said in a