Moody’s Investors Service has confirmed the long-term credit ratings of CIBC at Aa3.
The confirmation follows from a review for possible downgrade that began on July 18, 2002.
Moody’s also stated that the rating outlook on CIBC is stable.
The deal will see Loblaw take about a 16% stake in the bank
Its Canadian wealth management revenue was up 18% in the quarter from a year earlier
The bank also appointed Tammy Brown to its board of directors
The bank's wealth management business earned $699M in the quarter
CSI brand will continue, Fitch Learning says
A look back at 2025 — Canadian stocks, AI and not-so-great expectations
Both the Bank of Canada and the Fed will make rate decisions next week
Plus, a new ETF provider enters the scene, other products announced, firms make fund changes