Recession fears are growing. Here’s how younger Canadians can prepare – National

Experts say younger Canadians can prepare for a possible recession by assessing their financial capabilities and limitations. Amid soaring inflation and the Bank of Canada increasing interest rates more aggressively relative to past tightening cycles, concerns about a possible recession are growing. A lacklustre stock market is adding fuel to the fire, as market declines … Read more

Former executive sues CIBC for $1-million over sexual, racial discrimination

The London office of Canadian Imperial Bank of Commerce has been accused of operating a hostile and degrading environment for women, according to a discrimination claim by a former executive at the firm. Zhuofang Wei, who worked as an executive director at CIBC for nearly two years between 2018 and 2020, is suing CIBC for … Read more

CIBC profit slips as weaker retail banking, bigger loan-loss provisions hit results

Canadian Imperial Bank of Commerce CM-T reported lower fiscal second-quarter profit and raised its quarterly dividend as weaker retail banking results, larger loan loss provisions and higher expenses dragged down earnings. After two rival banks reported profits on Wednesday, CIBC’s earnings per share was weaker than analysts expected, even as revenue rose 9 per cent … Read more