CIBC Financial News

13.03 / 18:29

markets UPS CEO wellness CIBC performer rights Time to 'pass the baton': CIBC CEO's retirement leaves some analysts surprised

The chief executive of the Canadian Imperial Bank of Commerce is retiring in October after spending more than a decade in the top post.

25.03 / 21:07

markets economy Trade Experts CIBC War reports Posthaste: How a weak Canadian dollar — and weak greenback — is helping the TSX

Currency moves amid Donald Trump’s tariff war are aligning to actually boost Canada’s stock market, according to a CIBC analyst.

13.03 / 11:27

CEO Strategy Nov CIBC Interviews Relationships International CIBC names Harry Culham as next CEO as Victor Dodig prepares to retire

Canadian Imperial Bank of Commerce appointed Harry Culham to succeed chief executive Victor Dodig, who will retire in November after leading the nation’s fifth-largest lender for more than a decade.

10.03 / 21:05

markets economy Trade President CIBC War show Posthaste: Bank of Canada rate cut 'chicken soup' to economy threatened by Trump's tariffs

Bank of Canada interest rate cuts might not be able to fix the damage of a trade war — but they can’t hurt either, say economists.

07.03 / 22:25

markets Target CEO Strategy awards CIBC Canadian bank CEOs received pay increases in 2024 — except for these two

Four of the six chief execs at Canada’s biggest banks received more compensation in 2024 as they were rewarded for meeting financial targets in a year marked by uncertainties linked to the United States elections and rising provisions for credit losses, but the heads of Toronto-Dominion Bank and Bank of Montreal saw their pay packages decline.

07.03 / 22:25

markets UPS Manufacturing economy Trade CIBC Bank of Canada rate cut bets get boost from weak job numbers: What economists say

The uncertainty around tariffs and poor winter weather are to blame for Canada’s hiring slowdown in February, economists say, and that likely means more interest rate cuts by the Bank of Canada.

27.02 / 15:47

markets UPS Platform CIBC performer reports Capital markets and wealth management drive CIBC's first quarter beat

Canadian Imperial Bank of Commerce exceeded analyst expectations as it reported higher first-quarter profits than it did last year due to better performances in each of its business streams.

30.01 / 16:47

markets FIVE CBOE Hudson Trade CIBC innovations BMO to become second Canadian bank to launch currency-hedged global stocks

Bank of Montreal is stepping into a booming product category that offers exposure to popular global stocks while hedging against currency volatility, becoming the second Canadian bank to do so.

27.01 / 15:45

Target economy CIBC country International Profiles Posthaste: What a record change in Canada's 'age pyramid' means for the economy

Canada’s rapid population growth over the past few years brought headaches over housing and public services, but there is a bright side.

24.01 / 15:13

markets FIVE JPMorgan wellness McGrath CIBC reports CIBC calls some corporate bankers back to the office full-time

Canadian Imperial Bank of Commerce is starting to call some of its capital-markets bankers back to the office five days a week, according to people with knowledge of the situation.

10.01 / 18:17

markets UPS Reuters Manufacturing economy CIBC reports Bank of Canada rate cut in doubt after strong December jobs report

Signs of strength in Canada’s labour market to close out 2024 are fuelling doubts among some Canadian economists about whether the central bank will deliver another interest cut later this month.

07.01 / 15:25

Provident CRA Bill President CIBC innovations Updates Prorogation throws capital gains tax changes in limbo

Justin Trudeau’s decision to step down and prorogue Parliament will keep his government from implementing its proposed changes to capital gains for now, but Canadians might not be off the hook with tax collectors just yet.

07.01 / 13:01

UPS Provident CRA President CIBC innovations Updates Prorogation upends capital gains proposal but CRA yet to offer guidance

Prime Minister Justin Trudeau’s move to step down and prorogue parliament will keep his government from implementing its proposed changes to capital gains for now,but Canadians might not be off the hook with the country’s tax collectors just yet.

30.12 / 22:47

COST UPS Nov Bill CIBC Paying down debt top financial priority for Canadians in 2025: CIBC poll

TORONTO — CIBC says paying down debt is the top financial priority for Canadians heading into 2025.

17.12 / 13:45

COST UPS Target Strategy CIBC Courts Interviews CIBC's Dodig favours small wealth acquisitions over big deals

After years of lagging returns and more recent concerns over U.S. office loans, Canadian Imperial Bank of Commerce has turned a corner with investors. Chief executive Victor Dodig says he won’t put that at risk with acquisitions that reduce shareholder value.

06.12 / 19:03

Provident Fitch trends President CIBC performer country Big Six banks to further diverge as economic conditions get trickier

Diverging performances once again dominated the quarterly earnings of Canada’s top banks, with just three of the six lenders beating analysts’ expectations.

05.12 / 18:39

Provident Target FIVE CIBC cover reports Updates TD and BMO stumble while CIBC rises to cap big bank earnings season

TD Bank on Thursday warned of a challenging 2025 and suspended its medium-term earnings forecast as Canada’s second-biggest lender works through its anti-money laundering remediation program following a U.S. regulatory probe.

05.12 / 13:05

UPS Digital CIBC performer reports CIBC hikes dividend as profit beats expectations

Canadian Imperial Bank of Commerce on Thursday exceeded analyst expectations as it reported higher fourth-quarter profits than it did last year due to better performances in each of its business streams.

02.12 / 20:53

markets UPS Strategy Trade CIBC RAI The Canadian dollar vs. Donald Trump: How low can a slumping loonie go as the Trump trade plays out?

The Canadian dollar has been steadily declining over the past couple of months — a drop many economists and currency experts have linked to the rising expectations of a Donald Trump victory in the lead up to the U.S. election. The loonie is down just over four per cent against its U.S. counterpart since late September, and 1.5 per cent since Nov. 5. It slumped nearly a half per cent after Trump announced that, on day one of his presidency, he would impose a 25 per cent tariff on all goods entering the United States from Canada and Mexico.

29.11 / 14:43

markets UPS economy trends CIBC show Canada’s economy ekes out 1% growth in third quarter

The Canadian economy continued to grow in the third quarter as consumer spending rebounded, Statistics Canada said Friday.

26.11 / 21:39

CEO economy Refugees students CIBC Universities International CIBC CEO says immigrants are the 'lifeblood' of Canada amidst souring outlook

The head of one of Canada’s largest banks says newcomers need support from all corners as “people are turning a little sour” on immigration.

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