This big bank taps cannabis industry growth

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While some of Canada’s banks were initially reluctant to participate in cannabis company financing, this institution has actively helped to facilitate large industry deals. At the same time, a key U.S. acquisition lets the bank benefit from the strong U.S. economy. In… Read More

CIBC extends a key airport deal

CANADIAN IMPERIAL BANK OF COMMERCE $114 (Toronto symbol CM; Conservative Growth and Income Portfolios, Finance sector; Shares outstanding: 442.4 million; Market cap: $50.4 billion; Price-to-sales ratio: 3.0; Dividend yield: 4.8%; TSINetwork Rating: Above Average; has extended its exclusive alliance with Toronto’s Pearson International Airport, which handles… Read More