Big news from a Canadian bank! CIBC, a really big bank in Canada, just made more money than last year. This is partly because the Canadian government lowered interest rates, which made it easier for people and businesses to borrow money and invest.
This means more people were buying and selling things, helping the bank's investment part, called Capital Markets. It's like the bank's own special store for buying and selling investments.
This is good news for the bank and shows the Canadian economy is doing well.
- CIBC earned more money this year than last.
- Lower interest rates helped people invest more.
- The bank's investment part did especially well.
| Item | Amount |
|---|---|
| CIBC's increased profit (Capital Markets) | C$97 million (that's a lot of money!) |
| Total profit (adjusted) | C$2.18 billion |
