Facts & Information Page:
Canadian Imperial Bank Of Commerce - Canada
Canadian Money Advisor Rank
Product Names
Product Name
Cibc Eadvantage™ Savings Account
Cibc Aeromortgage®
Cibc Critical Illness Insurance
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COMPANY INFORMATION AND BIOGRAPHY:
The largest fusion of two chartered banks in Canadian history took place on June 1, 1961. The Canadian Bank of Commerce established 1867 and the Imperial Bank of Canada established 1875 combines together to create the Canadian Imperial Bank of Commerce. Its history covers almost two centuries and is filled with adventure and enterprise. The Canadian Bank of Commerce opened for business on May 15, 1867 in Toronto. The head office and main branch were situated on the corner of Yonge and Colborne streets, in what would turn out to be Toronto's financial district. The Honorable William McMaster, a well-known Toronto businessman and philanthropist, was the primary founder of the bank and its first president. Worried about Montreal's influence over the economy of Upper Canada, McMaster founded the bank mostly as competition for the Bank of Montreal. An aggressive businessman, rapidly expansion of the bank was done as well as to its network of branches. By 1874, it had 24 branches, making it the major bank headquartered in Ontario. The Imperial Bank of Canada opened in Toronto on March 18, 1875. Its original premises were sited at 18 Toronto Street, not far from The Canadian Bank of Commerce. Henry Stark Howland, formerly the vice-president of The Commerce, was the key founder and first president of the new bank. Having a dissimilar philosophy than McMaster, Howland had resigned from The Commerce for the reason that he believed the swift expansion of capital and branches were too dangerous. Still, he was not opposed to venturing into new territory in search of business. In 1880, Howland and his vice-president made the long rail trip to Winnipeg, the capital of the new province of Manitoba. The men were overwhelmed with the booming western town and arrangements were completed to put up a branch that is first outside of Ontario. The Imperial persist in its pioneer banking in the West, opening its first branch in Calgary in 1886 and then in Edmonton in 1891.
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Product Name
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Product Description
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| Cibc Eadvantage™ Savings Account |
This Mortgage Product Helps You Turn Your Mortgage Payments Into Travel And Lifestyle Rewards. You Receive One Aeroplan Mile For Every Dollar Of Regular Mortgage Interest Paid, Plus A One-time Sign-up Bonus Of 15,000 Aeroplan Miles. The Cibc Aeromortgage Could Be For You If Any Of The Following Options Will Apply On You. First, You Will Like The Flexibility To Enjoy The Things You Love To Do, Such As Travelling And Various Lifestyle Activities. Second, You Want To Transfer Your Mortgage From Another Financial Institution, And Have At Least 5 Years Remaining On Its Amortization. And Lastly, You Would Like To Renew, Renew Early, Refinance Or Replace Your Current Mortgage. You Must Be Familiar Of Some Useful Information. When Transferring, It Must Have A Minimum Of $10,000 With A Remaining Amortization Period Of 5 Years Or More. Only One Cibc Aeromortgage Can Be Registered To One Aeroplan Number. Cibc Aeromortgage Is Available For Conventional And Insured Mortgages Only.
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| Cibc Aeromortgage® |
This Mortgage Product Helps You Turn Your Mortgage Payments Into Travel And Lifestyle Rewards. You Receive One Aeroplan Mile For Every Dollar Of Regular Mortgage Interest Paid, Plus A One-time Sign-up Bonus Of 15,000 Aeroplan Miles. The Cibc Aeromortgage Could Be For You If Any Of The Following Options Will Apply On You. First, You Will Like The Flexibility To Enjoy The Things You Love To Do, Such As Travelling And Various Lifestyle Activities. Second, You Want To Transfer Your Mortgage From Another Financial Institution, And Have At Least 5 Years Remaining On Its Amortization. And Lastly, You Would Like To Renew, Renew Early, Refinance Or Replace Your Current Mortgage. You Must Be Familiar Of Some Useful Information. When Transferring, It Must Have A Minimum Of $10,000 With A Remaining Amortization Period Of 5 Years Or More. Only One Cibc Aeromortgage Can Be Registered To One Aeroplan Number. Cibc Aeromortgage Is Available For Conventional And Insured Mortgages Only.
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| Cibc Critical Illness Insurance |
It Provides Protection For Illness Recovery. Unlike Life Insurance, Critical Illness Insurance Is There For You While You Are Living. An Exclusive Product, It Grants You With A Lump-sum Payment To Assist You With The Cost Of Recovery When You Become Critically Ill During The Term Of The Policy. You Need Critical Illness Insurance As Hundreds Of Thousands Of Canadians Experience And Recover From Severe Illnesses Each Year. 40,000 To 50,000 Canadians Have A Stroke Every Year And 75% Survive The Primary Incident. 75,000 Canadians Have A Heart Attack Each Year And More Than 80% Of Them Survive When Admitted To Hospital. 1 In 3 Women In Canada Will Develop Several Form Of Cancer During Their Lifetime. 2 In 5 Men In Canada Will Develop Various Form Of Cancer During Their Lifetime. The Cancer Death Rate For Both Men And Women Has Steadily Been Declining. Critical Illness Insurance Offers You With A Lump-sum Payment, When You Need It Most, To Be Utilized Any Way You See Fit. This Can Imply Covering Extra Health Care Bills, Alternative Medicines, Business Expenses, Outstanding Debts, Home Renovations Or Treatment Abroad. It Is Your Choice.
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