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CIBC

Dollar poised for steep weekly fall

Dollar poised for steep weekly fall

Published 18 Nov, 2023 06:03am
NEW YORK: The dollar headed toward one of its steepest weekly declines versus other major currencies this year on...
Dollar dips, with jobs data in focus

Dollar dips, with jobs data in focus

Published 07 Mar, 2023 03:16am
NEW YORK: The greenback slipped against a basket of currencies on Monday as investors waited on testimony by Federal...
Pound rises vs dollar

Pound rises vs dollar

Published 22 Jun, 2022 05:58am
LONDON: The pound rose against a weakening dollar but fell versus the euro on Tuesday, with an equity rally helping...
CEO calls for policies to boost housing supply as prices surge

CEO calls for policies to boost housing supply as prices surge

Published 08 Apr, 2021 08:03pm
  • "Part of the short-term aberration you're seeing here is low interest rates, lots of liquidity, but not enough supply," Dodig said in an interview late on Wednesday.
  • Canada's financial regulator said it will relaunch on Thursday a consultation on the minimum qualifying rate for borrowers of uninsured mortgages. It had suspended the consultation, originally announced in February 2020, less than a month later.
Sterling steadies

Sterling steadies

Published 04 Mar, 2021 04:58am
LONDON: Sterling steadied against the dollar on Wednesday and gained against the euro after the announcement of an...
TD Bank, CIBC beat profit expectations on lower loan loss provisions

TD Bank, CIBC beat profit expectations on lower loan loss provisions

Published 25 Feb, 2021 06:28pm
  • Canadian banks have largely avoided an increase in soured loans as several government assistance measures, expected to end this summer, helped profits surpass pre-pandemic levels.
  • TD reported a 14% rise in net income at its Canadian retail banking arm to C$2.04 billion ($1.63 billion), while its US retail business recorded a drop of 13%.
Dollar steadies in Europe

Dollar steadies in Europe

Updated 12 Feb, 2021 09:30am
LONDON: The dollar slipped slightly on Thursday, after softer-than-expected US inflation data for January and a...
CIBC's stake sale in FirstCaribbean fails to get regulatory approval

CIBC's stake sale in FirstCaribbean fails to get regulatory approval

Published 03 Feb, 2021 09:59pm
  • CIBC had agreed to sell 66.73% of its stake in CIBC FirstCaribbean to GNB Financial for $797 million in November, 2019.
  • The component of CIBC's business which housed FirstCaribbean contributed less than 3% to CIBC's revenue in the fourth quarter of 2020.
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