CIBC (TSX: CM) (NYSE: CM) today announced that it is raising its Canadian prime lending rate by 25 basis points from 6.45 per cent to 6.70 per cent, effective Thursday, January 26, 2023.
With the shifting of market fortunes over the past year, we’ve seen a major rotation. Growth stocks are out. Meanwhile, investors have gravitated to value and dividend stocks. That’s an entirely logical reaction, as these sorts of stocks tend to hold up better during bear markets and recessions. However, the rush of money into these safe havens has made a lot of former value stocks less attractive. There is good news, however. Not all value and dividend stocks have gotten bid up yet. In fact, th
For the 11th consecutive year, CIBC has been recognized as one of Canada's Top Employers for Young People by Mediacorp Canada Inc. This award recognizes employers that provide the best workplaces and opportunities for young people who are in the beginning stages of their career.