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Canadian Imperial Bank of Commerce (CIBC)
Symbol CM
Shares Issued 929,594,116
Close 2025-10-29 C$ 115.34
Market Cap C$ 107,219,385,339
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FP says CIBC CEO sees Canada coming out on top

2025-10-29 07:07 ET - In the News

The Financial Post reports in its Wednesday edition that despite economic challenges and tariff threats, Canada "will be OK," says CIBC's outgoing chief executive officer Victor Dodig. The Post's Naimul Karim writes that Mr. Dodig believes Canada's natural resources and educated work force will help the country thrive, though he noted that the past decade could have been better. On Monday Mr. Dodig said: "Let's say the last 10 years have been, maybe not our finest hour. Maybe I am being too kind in saying that. You lose a decade, arguably, you lose two decades. You lose two decades, you'll lose a generation. And that is something really, really serious." Mr. Dodig retires on Friday. Aside from the nation-building projects, Mr. Dodig also wants Canada to implement policies that can help people between the ages of 21 and 35, who he said "need hope" in an unaffordable environment. Mr. Dodig said, "Young people's concerns aren't being addressed." Mr. Dodig also said there is a need for more "capital dynamism" to create more small and mid-sized businesses. "Nation-building projects are great. ... But that's not going to rejuvenate the social fabric of our cities or our suburbs, where capital is desperately needed."

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