CIBC kicks off 25 days of miracles to celebrate the 25th anniversary of CIBC Miracle Day

TORONTO, Nov. 2 /CNW/ - Over the next 25 trading days, the CIBC Children's Foundation will donate more than $1 million to children's charities across Canada to celebrate the 25th anniversary of CIBC Miracle Day. On CIBC Miracle Day, the first Wednesday of December every year, CIBC's wholesale banking sales and trading staff and CIBC Wood Gundy Investment Advisors donate their fees and commissions to support the health, well-being and education of children across the country. Since it began in 1984, Miracle Day has raised more than $50 million in Canada. This year, Miracle Day falls on December 2nd.To kick-off its 25 days of Miracles, CIBC Children's Foundation is proud to announce an additional donation of $25,000 to Take a Hike, Youth at Risk Foundation of Vancouver. This brings CIBC's total donation to $120,000. Take a Hike is an alternative education program that engages at-risk youth through a unique combination of adventure-based learning, academics, counseling, and community involvement.In 2009, the Foundation will donate close to $4 million to benefit a wide range of children's charities across the country. The Foundation helps thousands of children every year, from a hot meal to start the day, shelter in the midst of a crisis, the opportunity to go to camp, be part of a team or learn a new skill."On December 2, we work for a different boss - children in need all across Canada," said Richard Nesbitt, Chairman and CEO, CIBC World Markets Inc. "Miracle Day is traditionally one of our busiest trading days of the year as clients large and small know their commissions go to help their favourite kid's charities."For the past 25 years, the CIBC Children's Foundation has supported and improved the quality of life for Canadian children. What started with the simple belief that by working together we could make a difference has...
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Kids across Canada learn that banking is more than just numbers

Hundreds of Grade 9 students attend CIBC's "Take Our Kids to Work" day TORONTO, Nov. 4 /CNW/ - Hundreds of Grade 9 students across the country are seeing first-hand what it is like to work at one of Canada's largest banks during today's "Take Our Kids to Work" day at CIBC offices, branches and call centres. At CIBC's head office in downtown Toronto, more than 300 students are taking part in a special program and are job-shadowing their parents and parents' co-workers in a number of areas to give them a broader view of the many career choices in banking.Take Our Kids to Work day is a great opportunity to give our young people ideas as to what they may choose as a career," said Al Dodington, Senior Vice President, Human Resources. "The experience serves as an interesting part of their education on the path to adulthood and it allows companies and other organizations, to contribute to that education. CIBC is proud to have given them a glimpse of the working world and what it means to go to work, and to be part of the workforce"."A key part of the day is impressing upon kids the important skills everyone needs in order to succeed in the working world: - The ability to read and write well; - Strong oral communication skills; - The ability to work with others; - Strong computer skills; and - A drive to keep learning throughout your career. "At the end of the day, we hope that the students walk away with << - An understanding of the skills required in today's workforce; - An understanding of the importance of staying in school; - An appreciation of how their parent/host makes a living, which can lead to discussion around their expectations and those of a workplace; and - A fun and practical encouragement to begin thin...
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Wendel Clark and CIBC to celebrate grand opening of new six-day banking centre in Ajax

<< Guests can enter to win an LG 37" LCD TV or a $1,000 GIC; donation to Big Brothers Big Sisters of Ajax-Pickering to mark occasion >> AJAX, ON, Nov. 6 /CNW/ - Tomorrow, Canadian hockey legend Wendel Clark will help celebrate the grand opening of the new 5,600 square-foot, six-day CIBC Durham Centre Banking Centre. The new state-of-the-art branch is located on the north side of Kingston Road, just west of Salem Road in Ajax and offers clients service in English, Mandarin and Cantonese. Clark will be on-site to meet fans and sign autographs from 11 a.m. to 1 p.m. and guests can enjoy a barbecue and refreshments and enter to win great prizes like an LG 37" LCD TV or a $1,000 GIC. There will also be free CIBC hockey pucks and lots of family fun, including a bouncy castle, an interactive Wii centre, caricaturist, balloon animals, face painters and blow up hockey."We're thrilled to celebrate the grand opening of our newest banking centre in Ajax with the community as we continue to invest in providing CIBC clients with greater flexibility, access and choice in their banking," said Larry Tomei, CIBC's Senior Vice-President of Retail Markets for Central Ontario. The branch hours of operation are: Monday - Wednesday: 9:30 a.m. - 4 p.m. Thursday - Friday: 9:30 a.m. - 7 p.m. Saturday: 9:30 a.m. - 4 p.m. To mark the occasion, CIBC will make a $5,000 donation to Big Brothers Big Sisters of Ajax-Pickering. For over 35 years Big Brothers and Sisters of Ajax-Pickering has been providing life-changing opportunities for children and youth in the community. Mentorship programs give young people the chance to develop essential communication and problem-solving skills, self-esteem and confidence, and perhaps most importantly a lasting friendship with...
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Media Advisory - CIBC to Announce Fourth Quarter and Fiscal 2009 Results on December 3, 2009

TORONTO, Nov. 12 /CNW/ - CIBC (NYSE, TSX: CM - News News) - CIBC will be announcing its fourth quarter and fiscal 2009 financial results on Thursday, December 3, 2009. The results are expected to be released at approximately 6:00 a.m. (EST), followed by an audio webcast and teleconference call at 8:00 a.m. (EST). Earnings Conference Call/Webcast -------------------------------- The conference call will be available on a listen-only basis in English (416-641-6104 in Toronto, or toll-free 1-866-696-5894 throughout the rest of North America, passcode 7888257) and French (514-868-2590 in Montreal, or toll-free 1-866-862-3907 throughout the rest of North America). Please dial in 10 minutes before the call. Immediately following the formal presentations, CIBC executives will be available for a question and answer period with analysts.A live audio webcast of the conference call will also be available in English and French at www.cibc.com, About CIBC. Financial Results and Investor Presentation ------------------------------------------- Details of CIBC's fourth quarter and fiscal 2009 results, including fiscal 2009 consolidated financial st...
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Four Reasons Mexico Is the New China

 Alabama  Alaska  Arizona  Arkansas  California  Colorado  Connecticut  DC  Delaware  Florida  Georgia  Hawaii  Idaho  Illinois  Indiana...
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Look North for Promising Bank Investments

By DIMITRA DEFOTIS Canadian banks are faring far better than their U.S. and European counterparts. While their shares trade at a premium to many rival bank stocks, they're worth it. Canada's five largest banks -- Royal Bank of Canada, Toronto-Dominion Bank, Bank of Nova Scotia, Canadian Imperial Bank of Commerce and Bank of Montreal -- have near-monopolies in their respective markets in underwriting residential mortgages, issuing credit cards, taking retail deposits and offering brokerage services. They have been helped by the fact that Canada's recession has been milder than those in the U.S. and much of Europe. The shares of these banks trade on the New York Stock Exchange and in Toronto. Because of strict government regulations, Canada's banks don't make loans to subprime borrowers. Nor were they heavy lenders to U.S. home buyers in recent years. Canada's biggest banks had only $16 billion in U.S. residential mortgages on their balance sheets as of October 2008, representing 3.5% of their total residential loans. Moreover, loans have been shrinking as a percentage of their assets, making their balance sheets less risky. A recent report issued by the World Economic Forum rated the Canadian banking system as the world's soundest. Switzerland's banking system, often viewed as the safest, ranked No. 16. The U.S. banking system was No. 40. Royal...
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ReConnect(TM) graduates renewed and ready to return to work

With $1-million sponsorship by CIBC, ReConnect(TM) program helps women step back into their careers with confidence TORONTO, Nov. 17 /CNW/ - After taking time out of the workforce to pursue other activities, the 16 women graduates of the ReConnectTM program are set to restart their careers and successfully re-enter the workforce. The women have graduated from Canada's first career renewal program for professional women returning to work. The seven-day immersion program, made possible by a five-year, $1-million commitment from CIBC, was conducted at the Richard Ivey School of Business with Ivey faculty. The participants came from Ontario, B.C. and Michigan. They have a range of backgrounds, including law, marketing, asset management, automotive and building materials. With an average of 18 years of work experience, these women have been out of the workforce for an average of five and a half years. All the women are university graduates with many having completed graduate degrees.From October 26 to 30, they spent five intensive days at the Ivey campus in London, ON, renewing critical business knowledge, leadership and technical skills, as well as building their peer network and personal brand.The two days at the Ivey campus in Toronto on November 16 and 17 focused on developing an action plan to return to work, and a graduation ceremony at CIBC in Toronto.The program will take place again next October 4 to 8 and November 1 to 2, 2010. More information and registration forms can be found at www.reconnectyourcareer.com.Participants are excited about what they've learned from the program."There was a ...
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Coverage initiated on CIBC by Barclays Capital

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