Canadian Imperial Bank of CommerceTSX: CM

CIBC raises prime lending rate

· Issued by Canadian Imperial Bank of Commerce via CNW

Summary by 6ix AI

CIBC is raising its Canadian prime lending rate by 25 basis points (0.25 percentage points), from 4.45 per cent to 4.70 per cent, effective Thursday, October 29, 2026.

Key details

  • CIBC is a North American financial institution with personal banking, business, public sector and institutional clients.

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On 6ix: 6ix.com/news/cibc-raises-prime-lending-rate

Watch Canadian Imperial Bank of Commerce's latest callCanadian Imperial Bank of Commerce (TSX:CM) Q3 2026 Earnings Call · Replay · Aug 27Read the transcript of Canadian Imperial Bank of Commerce (TSX:CM) Q3 2026 Earnings Call

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

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