Types Of Bankruptcy

The Price, the Commute, the Schools   One of the earliest decisions a home shopper must make is where to look. read more...


Your Money Matters: Dealing with Rising Mortgage Interest Rates (Derby Daily Reporter)  (ARA) - Many Americans are asking themselves what they should be doing in the wake of rising, and sometimes, fluctuating mortgage rates. It's an important question because for many Americans


A new interest rate regime ahead?  Of all the potential risks for the economy and markets this year, the shortage of liquidity is right on top This is a time of the year when the financial


Large cap stocks coming back to life  All eyes have been focused on the Dow Jones industrial average as it moves in fits and starts toward a new all-time record for the first time in six years.read


Retailers see reasons for optimism (Reg Req'd)  Shoppers stroll past stores at the Firewheel Town Center in Garland. A retail trade group recently raised its 2006 sales forecast on the strength of the first six months.read more...


Existing Home Sales Fall For 5th Month   Sales of existing homes fell for the fifth consecutive month in August as the once-booming housing market slowed further.Commentread more...

February 28th, 2008

CIBC posts loss of $1.46B in first quarter, pulled down by U.S. credit woes

“We expect loan demand to increase due to reduced investor appetite for commercial paper. U.S. economic softness and a strong Canadian dollar could lead to a less favourable period for corporate credit risk in certain parts of the Canadian economy.”

Canadian Imperial Bank of Commerce has announced a first-quarter net loss of $1.46 billion amid massive charges and losses arising from its entanglement in U.S. debt market turmoil. via CBC News



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