Canadian Borrowers Show Increasing Signs of Strain as Rates Bite
By Vipal Monga and Paul Vieira More Canadian homeowners are falling behind on their mortgage payments, raising concerns that high interest rates are pushing Canadian borrowers to the brink. Accordin
Daily short sale tracking: NVIDIA's short volume increased by 8 million, with a short sale ratio of 8%
NVIDIA(NVDA.US) ranked top of the list had the largest change in short volume (8.96 million shares), and the short volume ratio of Canadian Imperial Bank of Commerce(CM.US) reached 61.77%. See more about the top 10 list of short selling volume changes in the latest trading day of the US stock market.
Traders believe that the Fed will cut interest rates in September.
After the latest inflation data fell short of expectations, traders significantly increased their expectations for the pace of rate cuts by the Federal Reserve this year. The bond market believes that interest rate cuts may occur as early as September. This change triggered a significant increase in the bond market, with the yield on two-year US Treasury bonds falling 17 basis points to 4.67%, the largest drop since the Fed policy meeting on December 13th. The conclusion of the June meeting of the Federal Reserve, including revisions to interest rate predictions, will also be released on Wednesday. The pricing of overnight index swaps, which reflects predictions about the decisions of the US central bank, fully takes into account rate cuts in November and December, and raises the possibility of rate cuts in September.
CIBC Innovation Banking Leads Senior Syndicated Debt Commitment for Yipit, LLC
Daily short sale tracking: NVIDIA's short volume increased by 22 million, with a short sale ratio of 8%
NVIDIA(NVDA.US) ranked top of the list had the largest change in short volume (22.93 million shares), and the short volume ratio of Canadian Imperial Bank of Commerce(CM.US) reached 69.95%. See more about the top 10 list of short selling volume changes in the latest trading day of the US stock market.
Canadian Imperial Bank of Commerce Is Maintained at Buy by Jefferies & Co
Canadian Imperial Bank of Commerce Is Maintained at Buy by Jefferies & Co
Jefferies Maintains Canadian Imperial Bank of Commerce(CM.US) With Buy Rating, Raises Target Price to $57.8
Jefferies analyst John Aiken maintains $Canadian Imperial Bank of Commerce(CM.US)$ with a buy rating, and adjusts the target price from $57.07 to $57.8.According to TipRanks data, the analyst has a su
CIBC Supports Skilled Trades With First-of-its-kind Banking Offer
Skilled trades apprentices can now access new banking benefits while completing required trainingTORONTO, June 6, 2024 /CNW/ - CIBC announced today a new banking offer for apprentices in skilled trade
Wall Street expects the Bank of Canada to further cut interest rates, causing the Canadian dollar to weaken.
Wall Street is preparing for a series of interest rate cuts from the Bank of Canada as the loonie weakens. Previously, the Bank of Canada became the first central bank in this round of the Group of Seven (G7) to ease monetary policy. After the Bank of Canada lowered its benchmark lending rate by 25 basis points to 4.75% on Wednesday, the Canadian dollar fell to its lowest level against the U.S. dollar since May 23, at 1.3741 CAD/USD. As of 1 p.m. in Ottawa, the benchmark Canadian two-year bond yield fell more than 10 basis points to 3.95%, widening the gap with the U.S. Treasury yield.
Express News | NYSE Order Imbalance 50688.0 Shares on Sell Side
Canada Banks Brief: Laurentian, RBC and Scotia All Decrease Their Prime Rates by 25 Basis Points to 6.95% From 7.20%, Effective June 6, 2024
02:57 PM EDT, 06/05/2024 (MT Newswires) -- Canada Banks Brief: Laurentian, RBC and Scotia All Decrease Their Prime Rates by 25 basis points to 6.95% from 7.20%, effective June 6, 2024 Price: 118.72, C
CIBC to Issue 4.90% NVCC Subordinated Debentures Due June 12, 2034
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/TORONTO, June 5, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced a domestic public offering of $1.0 bil
CIBC Lowers Prime Lending Rate
TORONTO, June 5, 2024 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that it is lowering its Canadian prime lending rate by 25 basis points from 7.20 per cent to 6.95 per cent, effective Thursday,
CIBC Innovation Banking Provides Spare With $10 Million in Growth Capital to Accelerate Expansion of AI-Driven Mobility Solutions
National Bank Recaps Canadian Banks Q2
National Bank notes that overall , second quarter results of the Big 6 banks were good. The main points were that five out the Big-6 banks beat consensus expectations; operating leverage was positive
Keefe, Bruyette & Woods Upgrades Canadian Imperial Bank of Commerce to Outperform, Price Target at CA$72
Canadian Imperial Bank of Commerce's (CM) Canadian stock has an average investment rating of hold among analysts polled by Capital IQ, with price targets ranging from CA$50 to CA$78.
CIBC Receives Indigenous Reconciliation Award and Innovation Award From Canadian Federal Labour Program for the Second Year in a Row
TORONTO, June 3, 2024 /CNW/ - CIBC today announced it has received the Indigenous Reconciliation Award and the Innovation Award as part of the 2024 Employment Equity Achievement Awards (EEAA) organize
Canadian Imperial Bank of Commerce To Go Ex-Dividend On June 28th, 2024 With 0.67131 USD Dividend Per Share
June 1st - $Canadian Imperial Bank of Commerce(CM.US)$ is trading ex-dividend on June 28th, 2024. Shareholders of record on June 28th, 2024 will receive 0.67131 USD dividend per share on July 29th
CANADA ECONOMICS FEATURE: CIBC's Shenfeld Sings 'The First [Rates] Cut Isn't the Deepest'
According to CIBC's Avery Shenfeld in his regular 'The Week Ahead' note on this Friday said "the case for a rate cut in Canada next week is obvious." In looking at the issue a bit closer, Shenfeld wri
CIBC's Week Ahead Market Call For Canada
CIBC expects the Bank of Canada on Wednesday to deliver a 25 basis point rate cut. According to CIBC's Avery Shenfeld, the BoC will cite "tamer trends" in underlying inflation as the key to its decisi