The Globe and Mail reports in its Friday edition that Canadian Imperial Bank of Commerce has allocated additional funds for loan losses due to increasing trade and policy uncertainties in the United States, which elevate risks for consumers and businesses. The Globe's Stefanie Marotta writes that CIBC set aside $605-million in provisions, falling below analyst expectations. However, that included $142-million against loans that are still being repaid, up from $127-million in the previous quarter. In the same quarter last year, CIBC set aside $67-million in provisions. The bank said the loans in its portfolio with exposure to tariff risks amount to 4 per cent of the total book. The loans span sectors most affected by trade, including agriculture, manufacturing and transportation. Less than 1 per cent were assessed as high risk. CIBC posted an increase in second quarter profit that beat analysts' estimates as the lender set aside lower-than-expected loan-loss provisions and booked stronger activity in capital markets. CIBC earned $2-billion, or $2.04 a share, up 15 per cent from the same quarter last year. Jefferies analyst John Aiken says, "CIBC continued the trend of its peers, coming in ahead of expectations."