Canadian Imperial Bank of Commerce (CM) Company Bio
Canadian Imperial Bank provides various financial products and services to individuals and small businesses, and commercial, corporate, and institutional clients in Canada and internationally. The company was founded in 1867 and is based in Toronto, Canada.
The Canadian Imperial Bank of Commerce (TSX:CM)(NYSE:CM) or CIBC seems like a great deal on the surface, but there's a lot more going on with this stock. The post CIBC (TSX:CM): Deal or Dud? appeared first on The Motley Fool Canada .
(Bloomberg) -- Canada’s labor market unexpectedly strengthened after two-straight months of record losses as the country gradually reopens from Covid-19 related restrictions.Employment rose by 289,600 in May, Statistics Canada said Friday in Ottawa, surprising economists who had been anticipating more losses last month. The gains were across most industries and provinces, though largely driven by higher employment in Quebec, the province hardest hit by the pandemic.The numbers echo recent high-frequency data, which had signaled a recovery is underway, with job postings increasing and more Canadians reporting an increase in work at the end of May. They will be a relief to policy makers who had been scrambling to inject hundreds of billions in cash into the economy to keep it afloat. Stil...
CIBC today announced that it is contributing $700,000 to local not-for-profits across Canada and the United States in support of efforts to empower Black youth, individuals and families in building strong communities.
CIBC Innovation Banking is pleased to announce a US$6 million revolving credit facility for Virginia-based Vbrick Systems Inc. ("Vbrick"), an industry-leading provider of video platform solutions. With operations in North America, Europe and Australia, the credit facility will be used to accelerate its rapid growth trajectory with investments in new customer acquisition and product innovation.
Canadian CBD company Valens GroWorks Corp. (TSX: VLNS) (OTCQX: VLNCF ) confirmed Monday it has secured up to CA$40 million (US$29 million) in financing via syndicated credit facility. The agreement between the Kelowna, British Columbia-based company, Canadian Imperial Bank of Commerce and ATB Financial will last three years. The credit facility includes CA$20 million of secured term loan and CA$20 million of secured revolving loan. Under the deal, Valens is granted up to an additional CA$10 million if it decides to raise aggregate commitments. "With our enhanced balance sheet, we are well positioned to continue to expand our innovative product portfolio, build out our custom manufacturing platform, be opportunistic in a consolidating market and maximize capital allocation to generate … ...