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Canadian Imperial Bank of Commerce (CIBC)
Symbol CM
Shares Issued 942,396,448
Close 2025-02-27 C$ 86.43
Market Cap C$ 81,451,325,001
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FP says CIBC CEO believes Canada can remain resilient

2025-02-28 08:04 ET - In the News

The Financial Post reports in its Friday, Feb. 28, edition that concerns over U.S. President Donald Trump's tariff threats persist, but Canadian Imperial Bank of Commerce chief executive officer Victor Dodig believes clients can remain resilient. The Post's Naimul Karim writes that Mr. Dodig noted that businesses have effectively navigated challenges like rising interest rates, currency fluctuations, supply chain disruptions and labour supply issues over the past decade. "Clients are more resilient than one gives them credit for," he said on a call with analysts to discuss the bank's first quarter results on Thursday. President Donald Trump was supposed to impose a 25-per-cent tariff on Canadian goods on Feb. 4, but the move has since been delayed amid negotiations between the two nations. If the tariffs are eventually imposed, it could trigger a recession in Canada, economists say, a risk that has led to a decline in financial activity among Canadian banking clients on both sides of the border. The Canadian government was responding well to the U.S.'s border protection and security concerns, Mr. Dodig said, but in the long term, Canada needs to "engineer the great Canadian comeback."

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