Ms. Stephanie Marcus reports

CIBC LOWERS PRIME LENDING RATE

Canadian Imperial Bank of Commerce (CIBC) has lowered its Canadian prime lending rate by 50 basis points from 5.95 per cent to 5.45 per cent, effective Thursday, Dec. 12, 2024.

About Canadian Imperial Bank of Commerce (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.