Changes include two business banking leadership shifts
The annual inflation rate slowed last month to 6.3%
Jon Hountalas to lead personal, business banking operations
A rise in worker absences is contributing to labour costs and inflation, CIBC says
Lagging effects of higher rates to impact banks' bottom lines this year
A former teller initiated the case in 2007
Purpose is first in Canada with single-stock ETFs, while CIBC launched new Canadian depositary receipts
Higher net interest income may be the only bright spot for Canadian banks in 2023
In wealth management, commission revenue was negatively affected by market performance, lower client activity
A key question for analysts will be how much banks are profiting from their loans