Sentences with phrase «says cibc»

The housing markets in Toronto and Vancouver could face upward pressure again unless changes are made to housing policy and preferences, says CIBC World Markets economist Benjamin Tal -LSB-...]

«Real estate is clearly very important,» says CIBC deputy chief economist Benjamin Tal.

Edward Jones analyst Jim Shanahan says CIBC's (TSX: CM) portfolio of uninsured mortgage and home equity loans is 5.4 times its regulatory capital.

«These guys have unbelievable information,» says CIBC analyst Alex Avery of the team at Brookfield.

«We're seeing a push for more inter-regional trade agreements between countries like Japan, Korea and India,» says CIBC's Sarkar.

In the past five years, Canadians in their twenties have increased their startup ownership by nearly 10 %, says CIBC.

«It's possible interest rates will go down,» said CIBC deputy chief economist Benjamin Tal, adding there's a huge amount of mortgage debt already in the pipeline that was created when people took advantage of rates they were pre-approved for in the summer.

«Though Canadians have identified paying down debt as their top financial priority for the past three years, our poll shows almost an even split between those who are making strides and those who aren't,» said CIBC's Christina Kramer in a release.

«It's encouraging to see Canadians are well aware of the increased TFSA limit and that some are focused on increasing their contribution, though not everyone is able to,» said CIBC senior vice-president Veni Iozzo.

Jamie Golombek, managing director of estate and tax planning at CIBC, said CIBC had sought clarification from the Canada Revenue Agency and been told the money can go in now.

The «changing economics» of holding condos as an investment, while supply in the market increases within the next three years could pose a challenge to investors, said CIBC economist Benjamin Tal.

Not exact matches

«Strikingly, those under 35 — the furthest away from retirement — are holding twice as much cash as those over the age of 65, about 33 % versus 15 %,» CIBC said in a release.

«U.S. stocks are probably among the more overvalued companies on a global scale,» says Luc de la Durantaye, managing director of asset allocation and currency management at CIBC Asset Management.

Nick Exarhos, an economist at CIBC World Markets, said the numbers offered a glimmer of hope that the worst could be over.

While the bank's own employees and co-op students will be conducting R&D at the facility, CIBC vice-president for digital channels Aayaz Pira says there will also be opportunities to observe and work with startups.

Meanwhile, CIBC said its mobile banking app will work on the Samsung Galaxy S4, Samsung Galaxy SIII, Samsung Galaxy Note II and HTC One on the Telus network.

Other banks and carriers are also getting in on mobile banking, but CIBC said it's the only bank to partner with more than one wireless carrier.

«I feel privileged that the board has asked me to lead CIBC into the next phase of its growth and development,» Dodig said in a statement.

But the board at CIBC (TSX: CM) said in a statement that it engaged in a «robust succession planning process» and chose Dodig to lead the bank into the future.

The appointment was unexpected because McCaughey said in April at CIBC's annual meeting that he planned to retire in April 2016 when he turned 60.

The bank said Thursday that Victor Dodig, 49, will take over the helm at CIBC, Canada's fifth - largest bank, on Sept. 15, when chief executive Gerry McCaughey retires.

Quentin Broad, head of equity research at CIBC World Markets, says it's logical that the majority of ratings would be Buys, since analysts are supposed to provide clients with investment opportunities and can choose from a wide variety of companies to cover.

«If someone invests just because an analyst said this stock is going from $ 10 to $ 20 in the next 12 months, I would say that's a problem,» says Broad at CIBC.

«Because he's already familiar with the politics, people and products [of CIBC] he doesn't need a long time to get up to speed on those things,» he says.

The yen is one of the top picks this year in the currency market as the dollar comes under more pressure, says Patrick Bennett of CIBC.

«I have enormous respect for David Kassie,» says Don Lindsay, CEO of Teck Cominco and former president of CIBC World

In a report in March, analysts at CIBC said the FERC move puts the long - term viability of MLPs in question.

«The important thing to note is that this is an entirely different Cott than what people have known for years,» says Mark Petrie, an equity research analyst with CIBC.

«A lot of these products were priced for higher rates,» says Natalie Taylor, an analyst with CIBC Global Asset Management.

TORONTO — Trouble in CIBC's Caribbean banking subsidiary left a mark on the bank's second - quarter results, but executives say despite the challenges they're not planning to exit the region.

CIBC said its provision for credit losses in quarter were $ 330 million compared with $ 265 million in the same quarter last year.

Barclays analyst John Aiken said it was a solid quarter for CIBC, noting he had not been calling for an increase to the dividend.

A legion of Canadian corporations recently acquired new CEOs: Guy Laurence joined Rogers (which owns this magazine) last December, one month after BlackBerry brought in turnaround artist John Chen to fix its ailing smartphone business; at TD Bank, Bharat Masrani spent a year (some might say his entire career) preparing to take over for Ed Clark, while across the street at CIBC, internal candidate Victor Dodig was given just six weeks before he replaced Gerald McCaughey.

CIBC chief economist Avery Shenfeld says the numbers are falling because big projects are wrapping up and not being replaced, a trend that he says also points to Canada's failing competitiveness with the United States.

Late last year, economists at CIBC said rising household debt was to be expected; Canadians «responded rationally to an era of very low interest rates.»

Rogers and CIBC announced a joint program in May, and MasterCard vice-president Richard McLaughlin says similar deals are at varying degrees of completion.

«The fact that inflation didn't heat up as much as most economists had expected plays into the narrative that the Bank of Canada is going to be very patient with regards to future rate hikes,» Royce Mendes, CIBC World Markets director and senior economist, said in an interview.

Sky - high CEO compensation emerged as an issue again in 2015, after say - on - pay votes resulted in shareholders rejecting proposed compensation plans at both CIBC and Barrick Gold.

And growth is slowing thanks to demographics,» says Stephen Forbes, CIBC's executive vice-president of marketing.

«While it's positive that so many eligible Canadians plan to contribute towards their retirement this year, we know from previous years that only 26 per cent of eligible tax filers actually make a contribution to their RRSP,» said Jamie Golombek, a managing director of tax and estate planning at CIBC.

Christina Kramer, CIBC's group head of personal and small business banking for Canada, said it is too early to gauge the extent of the impact of the mortgage underwriting rules, as well as the January interest rate hike.

It adds to the recent spate of weaker data coming out of the eurozone and really underlines the fact that the ECB can afford to be a little bit patient in terms of ramping up its hawkish rhetoric when it comes to its QE policy, said Bipan Rai, director of foreign exchange strategy at CIBC Capital Markets in Toronto.

Canada's fifth - largest lender said Thursday it continues to see benefits from the purchase of Chicago - based The PrivateBank, which CIBC acquired in June 2017 and rebranded in September as CIBC Bank USA.

John Aiken, an analyst with Barclays in Toronto, said the new standard helped CIBC in the latest quarter, with provisions for credit losses dropping to $ 153 million from $ 212 million a year ago.

«It's not directly tied to Alberta, and it's not directly tied to oil,» says Robert Sedran, a CIBC Capital Markets analyst.

CIBC's Royce Mendes said even though core inflationary pressures are «heating up» he predicts the Bank of Canada to remain cautious.

TD said it expects its first quarter results to be cut by roughly US$ 400 million, and CIBC has signalled a $ 100 - million writedown.

The Ombudsman for Banking Services and Investments (OBSI), which handles customer disputes for Scotiabank, CIBC and Bank of Montreal, says it opened 370 banking - related investigations in 2017 to handle customer disputes for its clients, compared with 290 a year earlier.

Ian de Verteuil of CIBC World Markets says the drop in the U.S. corporate tax rate to 21 per cent from 35 per cent makes Canada a less attractive destination to locate a head office.

All those people who are quitting their jobs to start businesses — an increasing number of which are older and well - educated, according to CIBC — are saying the same thing.