AI summary
Summary by Wenlo · not part of the original release
CIBC announced it is raising its Canadian prime lending rate by 25 basis points from 4.45 per cent to 4.70 per cent. The new rate becomes effective on Thursday, October 29, 2026. The change follows the announcement made on October 28, 2026.
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Original release from PR Newswire
As distributed by PR Newswire, unedited.
TORONTO, Oct. 28, 2026 /CNW/ -- CIBC (TSX: CM) (NYSE: CM) today announced that it is raising its Canadian prime lending rate by 25 basis points from 4.45 per cent to 4.70 per cent, effective Thursday, October 29, 2026.
About CIBC
CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.
SOURCE CIBC
