$CM

Canadian banks committed $325 billion in new financing for businesses and infrastructure. TD Bank pledged $150 billion, Scotiabank $100 billion, BMO $70 billion, CIBC $2 billion, and RBC $1.5 billion. BMO's commitment targets energy, AI, and defense sectors, with strong Q3 earnings growth. BMO shares are up 36% in 2026, trading at $242 with a 2.8% dividend yield.

Copa Airlines avoids widebody aircraft, focusing on its Boeing 737 fleet for cost efficiency and network strategy. Its hub in Panama City allows for efficient connections within the Americas. The airline reported a 2025 CASM of $0.058 and RASM of $0.112, highlighting its low-cost, high-revenue model. Panama's dollarized economy further reduces financial risks.

Canada's Investment Summit showcased opportunities for foreign capital, including a nationwide internet network, private investment in major airports, and a productivity tax deduction. BCE Inc. plans to expand its data centre capacity, while Brookfield and CPPIB launch a $50-billion infrastructure fund. Major pension funds and banks also announced significant investments in Canada.

The first Canada Investment Summit resulted in nearly $500 billion in new investment commitments. Key participants included CPP Investments, PSP Investments, and major Canadian banks, with commitments in infrastructure, energy, and technology. The government also announced tax incentives and private investment in airports and critical sectors.

Canadian Imperial Bank of Commerce (CIBC) laid off workers at its Halifax contact center last week, shocking employees. An anonymous employee, with a decade of service, stated that about 400-500 people worked in the Halifax center, part of 3,000 nationwide. The layoffs are due to business restructuring, according to management. Severance will be based on years of service. CIBC did not immediately respond to a request for comment.

CIBC's asset management arm launched three actively managed ETFs (CAKE, CAGR, CAGX) on the Toronto Stock Exchange. The bank reported Q3 FY26 revenue of C$8.368 billion, up 15% YoY, and adjusted earnings of C$2.73 per share, up 26% YoY. The ETFs, developed with Avantis Investors, aim to cater to diverse investor risk preferences but face market and competitive risks.

Mark Carney's Canada Investment Summit aims to attract $1 trillion in foreign capital over five years. Major Canadian institutions pledged over $100 billion in new investments, including RBC ($1.4B CAD tech fund), CIBC ($2B CAD defence financing), OTPP ($10B CAD), BMO ($70B CAD infrastructure), Power Sustainable ($10B CAD), Sun Life ($5B CAD infrastructure), and PSP (30-40% increase).

CIBC has committed $2 billion to support small and medium-sized Canadian defence-related businesses, aiming to boost the economy. The funding targets sectors like energy, cybersecurity, and advanced technology. According to CIBC, this reflects confidence in Canadian businesses and their role in national resilience.

Canadian Imperial Bank of Commerce (CIBC) announced the admission of its GBP 1,842,521 Preference Share Linked Notes due September 2032 to trading on the London Stock Exchange's main market on 9 September 2026. The notes were issued under CIBC's Structured Note Programme. Details are available in the base prospectus and final terms, published on the London Stock Exchange and CIBC's website.

Canadian Imperial Bank of Commerce (CIBC), the fifth-largest Canadian bank, plans to sell its Caribbean business. CIBC has improved operations since 2011, focusing on affluent clients and digital banking. Its Costco card partnership and Simplii platform drive growth. CIBC aims to boost its business mix with the Caribbean sale.