CIBC Financial News

07.08 / 17:07

COST students CIBC track 2020 Schools International Posthaste: Students turn to 'mental math' for their finances

With the start to the upcoming school year about a month away, many university students might be looking at how to make their summer savings last the year.

06.08 / 22:42

markets UPS Waves Trade CIBC stage track Stocks stage bullish comeback following $6.5T selloff

A renewed wave of dip buying spurred a rally in stocks after a roughly $6.5 trillion selloff that shook markets around the globe.

06.08 / 18:26

UPS security CIBC innovations information rights CIBC plans to hire more than 200 people in AI, data jobs

Canadian Imperial Bank of Commerce plans to hire more than 200 employees in data and artificial intelligence over the next year as it expands its use of generative AI.

24.07 / 23:40

markets UPS Strategy economy CIBC Cycling September 'very much on the table': What economists say about Bank of Canada rate cuts

Stephen Brown, deputy chief North America economist with Capital Economics, said the Bank of Canada’s comments suggested it would keep cutting rates if inflation continues to ease.

22.07 / 17:00

markets Waters Research CIBC country Money under the mattress: Sleep Country Canada to be bought in $1.7B deal

Insurance-focused conglomerate Fairfax Financial on Monday agreed to buy retailer Sleep Country Canada Holdings in a deal valued at C$1.7 billion ($1.24 billion).

17.07 / 21:26

markets COST UPS Target Trade CIBC CIBC says Bank of Canada must end or fix quantitative tightening

The Bank of Canada needs to wrap up its quantitative tightening program or fix distortions in short-term funding markets that are keeping effective interest rates higher, according to Canadian Imperial Bank of Commerce strategists.

17.07 / 14:05

markets UPS Food CIBC show country reports Posthaste: Economists breathe a bit easier over Canada, U.S. interest rate divergence and outlook for loonie

The divergence in interest rates between Canada and the United States became a hot topic and a percolating worry for economists when it looked like the Bank of Canada would feast on cuts while the U.S. Federal Reserve sat pat.

15.07 / 16:04

markets UPS economy trends CIBC Updates Upcoming June inflation data could open door to 2nd Bank of Canada rate cut

The Bank of Canada will get one final read of inflation figures this week before it has to make its next interest rate decision, with some economists predicting a return to cooling will fuel hopes for another cut.

12.07 / 20:24

markets UPS Provident pandemic CIBC show reports Jobless numbers provide ammunition for further Bank of Canada rate cuts, say economists

The latest jobs data shows Canada’s unemployment rate continuing to rise, giving the Bank of Canada further ammunition to keep cutting interest rates, economists said.

27.06 / 00:37

markets COST trends CIBC reports strain Slate Office REIT faces $158M debt default amid challenging market conditions

Slate Office REIT, whose portfolio includes properties in both Canada and the United States, has defaulted on $158 million of debt despite an ambitious restructuring plan that included selling off significant assets. It appears broader economic trends and sector weaknesses have hindered the company’s efforts.

25.06 / 20:07

Research pandemic trends CIBC show country reports Family fund: $115K is the average gift for 1st-time homebuyers, CIBC says

More Canadians are getting help from family to buy their first home — and they’re getting substantially more money to do it than a few years ago, according to new research published by CIBC.

13.06 / 12:23

Provident Target FIVE CEO Sustainability CIBC Bank CEOs to testify at parliamentary committee on climate impacts of finance

OTTAWA — The chief executives ofCanada’s five biggest banks are set to testify before a parliamentary committee later today about the impacts of the financial sector on climate and the environment.

12.06 / 17:43

markets COST Citi President CIBC reports Rate Cut Posthaste: How much are variable-rate mortgage holders saving after the rate cut?

For those with a variable rate mortgage, last week’s Bank of Canada interest rate cut was welcome relief, but how much Canadians ultimately saved really depends on where they live.

12.06 / 12:27

markets Fighting economy CIBC show reports The US economy is facing its 'two biggest issues' in one day. What to know

CAZ Investments Chief Investment Officer Christopher Zook weighs in on the Fed's handling of the economy as rate cut expectations plummet, Japan's Yen and tech earnings.

05.06 / 20:59

markets COST Digital Experts CIBC Relationships Rate Cut What the Bank of Canada rate cut means for mortgages, loans and investments

The Bank of Canada has lowered its key interest rate by a quarter of a percentage point to 4.75 per cent, the first cut in more than four years. Here’s what it could mean for your finances.

31.05 / 16:03

UPS Reuters Trade Experts CIBC reports Investigations Customers Should Canadian bank customers, investors worry about money laundering probes?

Ongoing anti-money laundering probes at TD Bank and penalties levied at other Canadian financial institutions aren’t likely to have a material impact on banking customers, experts say, though the regulatory crackdown could have implications for investors and the banking sector long-term.

31.05 / 04:25

markets COST UPS CIBC performer RBC, CIBC wrap up bank earnings with better-than-expected profits

Royal Bank of Canada (RBC), the country’s No.1 bank, on Thursday surpassed analysts’ expectations for quarterly profit, driven by strength in its capital market business and its core personal banking segment.

30.05 / 14:21

CIBC reports CIBC beats estimates with credit loss provisions lower than expected

Canadian Imperial Bank of Commerce beat analysts’ estimates as it set aside less money than expected for possible loan losses.

22.05 / 14:27

COST pandemic CIBC rights Relationships Howard Levitt: What the federal government’s return-to-work directive means for non-union employees

By Howard Levitt and Jeffrey Buchan

22.05 / 14:27

markets COST economy CIBC Cycling reports rowing Rate Cut inflation data interest rate cut Inflation data 'all clear' for Bank of Canada interest rate cut in June, economists say

With inflation cooling to a three-year low in April, some economists are now all but guaranteeing that the first interest rate cut of the Bank of Canada‘s tightening cycle will come in June.

09.05 / 18:19

markets UPS economy trends CIBC show Headlines Posthaste: Canada's job market could be in worse shape than we thought

All eyes will be on Canada’s job numbers tomorrow for clues not only on how the economy is faring, but also what the Bank of Canada might do next.

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