Latest news with #CIBC
Globe and Mail
2 days ago
- Business
- Globe and Mail
CIBC donates $150,000 to support communities impacted by wildfires in Alberta, Manitoba and Saskatchewan
TORONTO , May 30, 2025 /CNW/ - CIBC announced today that CIBC Foundation will be donating $50,000 each from its Alberta Emergency Relief Fund, Manitoba Emergency Relief Fund and Saskatchewan Emergency Relief Fund to provide support to those affected by the wildfires and evacuation efforts across impacted areas. Furthermore, donations received through these funds will be used to provide continued assistance to local organizations to promote relief and restoration efforts in the future. "CIBC stands with our clients, our team and communities to support the evacuation and relief efforts in Alberta , Manitoba and Saskatchewan due to these destructive wildfires," said Heather Wagner, Senior Vice-President and Region Head for Central Canada, CIBC. "During this difficult time, our thoughts are with everyone who has been impacted." In addition, for clients who are impacted across these provinces, CIBC is providing the following financial relief, advice, and support: Re-amortizing mortgages to lower payments Special payment arrangements and deferrals on loans and lines of credit Conversion of Aventura® points into cash payment for applicable credit cards Debt consolidation for more manageable payments To support those affected by the wildfires, donations can be made through the CIBC Foundation Alberta Emergency Relief Fund, the CIBC Foundation Manitoba Emergency Relief Fund and the CIBC Foundation Saskatchewan Emergency Relief Fund. About CIBC
Yahoo
2 days ago
- Business
- Yahoo
CIBC donates $150,000 to support communities impacted by wildfires in Alberta, Manitoba and Saskatchewan
TORONTO, May 30, 2025 /CNW/ - CIBC announced today that CIBC Foundation will be donating $50,000 each from its Alberta Emergency Relief Fund, Manitoba Emergency Relief Fund and Saskatchewan Emergency Relief Fund to provide support to those affected by the wildfires and evacuation efforts across impacted areas. Furthermore, donations received through these funds will be used to provide continued assistance to local organizations to promote relief and restoration efforts in the future. "CIBC stands with our clients, our team and communities to support the evacuation and relief efforts in Alberta, Manitoba and Saskatchewan due to these destructive wildfires," said Heather Wagner, Senior Vice-President and Region Head for Central Canada, CIBC. "During this difficult time, our thoughts are with everyone who has been impacted." In addition, for clients who are impacted across these provinces, CIBC is providing the following financial relief, advice, and support: Re-amortizing mortgages to lower payments Special payment arrangements and deferrals on loans and lines of credit Conversion of Aventura® points into cash payment for applicable credit cards Debt consolidation for more manageable payments To support those affected by the wildfires, donations can be made through the CIBC Foundation Alberta Emergency Relief Fund, the CIBC Foundation Manitoba Emergency Relief Fund and the CIBC Foundation Saskatchewan Emergency Relief Fund. About CIBC CIBC is a leading North American financial institution with 14 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at SOURCE CIBC View original content to download multimedia:
Cision Canada
2 days ago
- Business
- Cision Canada
CIBC donates $150,000 to support communities impacted by wildfires in Alberta, Manitoba and Saskatchewan
TORONTO, May 30, 2025 /CNW/ - CIBC announced today that CIBC Foundation will be donating $50,000 each from its Alberta Emergency Relief Fund, Manitoba Emergency Relief Fund and Saskatchewan Emergency Relief Fund to provide support to those affected by the wildfires and evacuation efforts across impacted areas. Furthermore, donations received through these funds will be used to provide continued assistance to local organizations to promote relief and restoration efforts in the future. "CIBC stands with our clients, our team and communities to support the evacuation and relief efforts in Alberta, Manitoba and Saskatchewan due to these destructive wildfires," said Heather Wagner, Senior Vice-President and Region Head for Central Canada, CIBC. "During this difficult time, our thoughts are with everyone who has been impacted." In addition, for clients who are impacted across these provinces, CIBC is providing the following financial relief, advice, and support: Re-amortizing mortgages to lower payments Special payment arrangements and deferrals on loans and lines of credit Conversion of Aventura® points into cash payment for applicable credit cards Debt consolidation for more manageable payments To support those affected by the wildfires, donations can be made through the CIBC Foundation Alberta Emergency Relief Fund, the CIBC Foundation Manitoba Emergency Relief Fund and the CIBC Foundation Saskatchewan Emergency Relief Fund.
Yahoo
2 days ago
- Business
- Yahoo
Canada's economy charged ahead in the first quarter of 2025 as exporters sought to get ahead of tariffs
Canada's economy grew 2.2 per cent in the first quarter of 2025, Statistics Canada said on Friday. That maintained the pace recorded in the final quarter of last year and significantly exceeded estimates. In a note following the data release, CIBC economist Andrew Grantham cautioned that while real gross domestic product (GDP) growth was "solid," the number was "flattered by a surge in exports as companies looked to front-run potential US tariffs." Economists had expected the economy to grow 1.5 per cent on an annualized basis in the first quarter, according to consensus estimates published by RBC Economics. Grantham noted "weak" domestic demand in the quarter, with "only slight upward momentum heading into Q2." Real gross domestic product (GDP) increased 0.1 per cent in March, matching expectations. The quarterly growth came in above the Bank of Canada's forecasts. The central bank expected real GDP to grow 1.8 per cent on a quarterly annualized basis, according to its latest Monetary Policy Report (MPR). The Friday data also include a revision to fourth quarter 2024 growth, which at the time came in above expectations, adjusting the figure from 2.6 per cent to 2.1 per cent. This story will be updated. John MacFarlane is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jmacf. Download the Yahoo Finance app, available for Apple and Android.
Business Insider
2 days ago
- Business
- Business Insider
CIBC downgraded to Sector Perform from Outperform at National Bank
National Bank downgraded CIBC (CM) to Sector Perform from Outperform with a C$98 price target Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
