Recently announced acquisitions in Chile, Colombia and Peru are expected to close in the second half of this fiscal year
Deposit rates have not risen as quickly as loan rates
Each of the bank’s units performed well during the quarter
CIBC is the first of the big banks scheduled to report its latest results with data out Wednesday
Competition among lenders heats up
Central bank No. 2’s comments on gender diversity come after Bank of Canada governor Stephen Poloz spoke in March about strategies to boost female workforce participation
The central bank qualifying rate is separate from the actual mortgage rates offered by banks to borrowers, but is used to assess homebuyers who are seeking loans
The card will hold balances in multiple currencies making it useful for business travellers, snowbirds and expats
The Bank of Canada uses the posted five-year fixed mortgage rates at Canada’s biggest banks to calculate the rate used in stress tests