An anonymous director reports
CIBC RAISES PRIME LENDING RATE
Canadian Imperial Bank of Commerce (CIBC) has raised its Canadian prime lending rate by 50 basis points from 5.45 per cent to 5.95 per cent, effective Thursday, Oct. 27, 2022.
About Canadian Imperial Bank of Commerce (CIBC)
CIBC is a leading North American financial institution with 13 million personal banking, business, public-sector and institutional clients. Across personal and business banking, commercial banking and wealth management, and capital markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network and locations across Canada, with offices in the United States and around the world.
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