CIBC posts $2.2B Q1 profit
Canadian commercial banking and wealth management business earned $591 million
- By: The Canadian Press, with files from IE
- February 27, 2025 February 27, 2025
- 11:43
Canadian commercial banking and wealth management business earned $591 million
The bank's wealth management business earned $980 million, up from $664 million a year earlier
TD's wealth management and insurance business earned $680 million, up from $555 million a year earlier
President says U.S. will double the existing 10% tariffs on China
The labour market remains healthy with plentiful jobs and relatively few layoffs
The U.S. economy grew 2.8% in 2024, compared with 2.9% in 2023
Ransomware on the decline, fraudsters turning to AI for help
The Quebec pension manager is also buying Innergex Renewable Energy Inc.
Penalties imposed by U.S. PCAOB soar as volume of enforcement rises
Australian regulator seeks ideas for revitalizing listings, curbing risks
No response would weaken Ottawa's position when it comes time to review the Canada-U.S.-Mexico free trade agreement
The Big Six all quit the UN-backed Net Zero Banking Alliance in January
The S&P/TSX composite index rose 58.63 points to 32,058.73
The central bank issued a summary of its overnight-rate deliberations earlier this month
Americans’ assessments of their current economic situation tumbled: survey
Retail investors targeted by so-called investment groups on social media
The increase is part of an effort to beef up anti-money laundering measures
Accountant allegedly found assets used to lure investors to schemes
The pension fund is investing up to US$1.05 billion
Plus, promotions at Harvest and Ontario Teachers' Pension Plan Board
High-profile firms and their clients were targeted in 2025
Plus, Wellington-Alus Private Counsel and Ninepoint Partners add new talent
Also, moves at Mackenzie Investments, Edward Jones Canada and the CSA
Plus, moves at BMO Private Wealth, Fiera Capital and CIBC GAM
Mutual fund, ETF AUM rose for the seventh consecutive month
Plus, other product launches and news, including more ESG fund terminations
More than 300 new products landed in 2025 — a new record