CIBC
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CIBC beats profit estimates, TD posts lower profit on loan loss provisionsCanadian Imperial Bank of Commerce exceeded estimates for first-quarter profit on Thursday, while TD Bank Group reported a fall in first-quarter profit.EconomyFeb 29
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CIBC hit with $1.3M penalty after failing to report suspicious transactionsCanada's financial intelligence agency says it has levied a $1.3-million penalty against CIBC for non-compliance with money laundering and terrorist financing measures.MoneyDec 7, 2023
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Canadians not delaying major life events despite rising inflation: pollAs Canadians are battling inflation, a recent CIBC poll found that while up to 61 per cent have done some form of cost-cutting, few will postpone major life events.CanadaSep 22, 2023
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Car crashes into south Edmonton bank, pins man sitting at desk insideA car slammed into the window of a bank in south Edmonton on Wednesday morning, injuring an employee and causing extensive damage.TrafficSep 6, 2023
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Mortgage stress looms over Canada’s big banks. What they — and consumers — can doEarnings season from Canada's biggest banks show stretched amortizations persist among lenders' mortgage books. Here's what to know if your mortgage is up for renewal.MoneyAug 31, 2023
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CIBC misses profit estimates as it sets aside more money for bad loansCIBC missed analysts' estimates for quarterly profit on Thursday, hurt by higher loan-loss provisions to cover for consumers struggling to make their repayments in a tough economy.MoneyAug 31, 2023
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Big six lenders raise prime rates past 7% after Bank of Canada hikeThe cost of borrowing has increased again as all six big Canadian banks hiked their prime rates in lockstep with the Bank of Canada's policy rate.MoneyJul 13, 2023
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Rate cuts could come by June 2024 — but government spending will play a role: CIBCThe Bank of Canada's job is being made harder by government spending plans and could keep interest rates higher for longer, according to a new report from CIBC.EconomyJun 12, 2023
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Renters might soon feel the pain as their landlords post losses. Here’s whyMost real estate investors in Toronto were losing money on their properties last year, a new report finds. Here's why that pressure might hurt renters in the long term.MoneyMay 30, 2023
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More than half of GTA condo investors losing money on properties: reportA new report says for the first time ever, more than half of newly-completed condo investors in the Greater Toronto Area were losing money on their rental properties last year.CanadaMay 29, 2023
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