Category Archives: CIBC

Canadians put the brakes on spending – consumer credit growing at slowest pace since the early 1990′s: CIBC

For the first time since 2002 consumer credit in Canada is rising more slowly than in the U.S. Canadians are putting the brakes on spending with outstanding consumer credit now rising at the slowest pace since the early 1990′s, finds a new … Continue reading

Posted in CIBC | Comments Off

MEDIA INVITATION – CIBC to celebrate the grand re-opening of Ancaster Branch with a donation to Liberty For Youth

TORONTO, May 24, 2012 /CNW/ – This Saturday, May 26th CIBC (TSX: CM) (NYSE: CM) will celebrate the grand re-opening of the CIBC Ancaster Meadowlands Banking Centre.  The expanded branch will offer clients service and advice in English, Italian and Arabic, six-days-a-week.  To mark … Continue reading

Posted in CIBC | Tagged , | Comments Off

CIBC Decreases Residential Mortgage Rate by 0.10 per cent for 5 year fixed-rate, closed mortgage

CIBC Decreases Residential Mortgage Rate TORONTO, May 25, 2012 /CNW/ – CIBC (TSX: CM); (NYSE: CM) today announced the following mortgage rate change, effective May 26, 2012: 5 year Fixed-Rate, Closed Mortgage: 5.34 per cent (decrease of 0.10 per cent) CIBC is … Continue reading

Posted in CIBC | Tagged , , | Comments Off

Canadians Plan to Retire at 63 on Average

According to a recent CIBC poll conducted by Harris/Decima, the average Canadian plans to retire at 63. The poll also shows that as Canadians draw closer to retirement they become less optimistic about achieving their savings goals and believe it … Continue reading

Posted in CIBC, The Banker Who | Tagged , , , , , | Comments Off

CIBC Faces Class Action Suit Regarding Mortgage Prepayment Penalty

According to the Siskends LLP website, a class action was commenced in October 2011 against CIBC Mortgages Inc. regarding its practices for calculating prepayment penalties on mortgages entered into across Canada since 2005. The Statement of Claim alleges that CIBC … Continue reading

Posted in Baldo Minaudo, CIBC, The Banker Who | Tagged , , , , , | Comments Off

CIBC Loses Age Discrimination Lawsuit

On December 29, 2009 CBC (Canadian Broadcasting Corporation) wrote on their cbc.ca website about a 42-year-old banker at Canadian Imperial Bank of Commerce who won a lawsuit claiming his former employer discriminated against him because of his age when he … Continue reading

Posted in Baldo Minaudo, CIBC, The Banker Who | Tagged , , , , , , , , | Leave a comment