CIBC raises prime rate – zimo news


Toronto, June 1, 2022 /CNW/ – Canadian Imperial Bank of Commerce (TSX: CM) (NYSE: CM) today announced that it will increase its Canadian Prime Rate by 50 basis points to 3.7% from 3.2%, effective Thursday, June 2, 2022.

About CIBC

CIBC is a leading global financial institution headquartered in Canada with 11 million personal, corporate, public sector and institutional banking customers. In personal and business banking, commercial banking, wealth management and capital markets, CIBC provides a full range of advice, solutions and services through its leading digital banking network and its branches in Canada, the United States and around the world.For the latest press releases and more information from CIBC, please visit


For more information: Kira Smylie, Department of Communications and Public Affairs, [email protected]416-980-2949

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