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Company: CIBC

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Low angle view of Skyscrapers in downtown Toronto during the day

Amid growing challenges, Canadian banks still well positioned to absorb headwinds

Court.

Ontario court rules that discount brokers' receipt of trailing commissions was not considered illegal before the June 2022 ban

change direction

Changes include two business banking leadership shifts

  • By: Katie Keir
  • January 19, 2023 January 19, 2023
  • 15:08
Inflation, growth of food sales, growth of market basket or consumer price index concept. Shopping basket with foods on arrow.

The annual inflation rate slowed last month to 6.3%

CIBC bank downtown

Jon Hountalas to lead personal, business banking operations

client and advisor with masks on

A rise in worker absences is contributing to labour costs and inflation, CIBC says

growth

Lagging effects of higher rates to impact banks' bottom lines this year

gavel

A former teller initiated the case in 2007

Amazon

Purpose is first in Canada with single-stock ETFs, while CIBC launched new Canadian depositary receipts

Low angle view of Skyscrapers in downtown Toronto during the day

Higher net interest income may be the only bright spot for Canadian banks in 2023