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Canadian Imperial Bank of Commerce (CIBC)
Symbol CM
Shares Issued 940,143,656
Close 2025-04-14 C$ 80.70
Market Cap C$ 75,869,593,039
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Globe says CIBC to endorse TO's WNBA team

2025-04-15 07:55 ET - In the News

The Globe and Mail reports in its Tuesday, April 15, edition that the WNBA's Toronto Tempo has scored a sponsorship from Canadian Imperial Bank of Commerce, with the bank backing the team's drive to become a national champion in women's basketball. The Globe's Andrew Willis writes that Canadian Imperial Bank of Commerce will launch a national advertising campaign linked to the Tempo while the team prepares for its inaugural game as the WNBA's first international franchise in May, 2026. Last spring, Kilmer Sports Ventures, led by billionaire Larry Tanenbaum, acquired the team for an estimated $115-million. While the Tempo will be based in Toronto's 8,700-seat Coca-Cola Coliseum, the team plans to play home games across the country next year. In an interview, CIBC chief executive officer Victor Dodig said, "We jumped at the opportunity to be part of a team with an ambition to build a national following, in partnership with a proven winner in Larry Tanenbaum." The Tempo selected CIBC as a partner after fielding offers from all the major banks, Tempo president Teresa Resch said. "The Tempo represents a movement, not a moment, and we are thrilled CIBC recognizes the WNBA's potential in Canada," said Ms. Resch.

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