Now is the time for equity investors to move out of premium-traded Canadian banks and into discounted banks, analysts at Canadian Imperial Bank of Commerce said, citing lower interest rates and easing of economic risks that give the cheaper stocks more earnings upside.

One of the country’s biggest lenders says the Bank of Canada will accelerate the pace of monetary easing in order to stave off recession.

CIBC says the Bank of Canada (BoC) will push for more aggressive rate cuts, and Canadians could see a significant drop by December.

The country that surprisingly took the lead in the global pivot of monetary policy was Canada. Despite its high degree of economic integration with the U.S., including geographical proximity, close trade relations,