CIBC Now #4 In Canada
CIBC – Overtakes Scotiabank In Market value Canadian Imperial Bank of Commerce has inched past Bank of Nova Scotia in market capitalization to become Canada’s fourth-most valuable bank. CIBC has…
Household mortgage debt balance approaching $1.66 trillion
Spurred by record-low rates and housing market dynamism, Canadians borrowed at an unprecedented pace in 2020, with national mortgage debt growing by 7.4% annually in November. The latest data from Statistics Canada…