CIBC lowers prime lending rate

News provided by

Canadian Imperial Bank of Commerce

Jan 27, 2015, 17:27 ET

TORONTO, Jan. 27, 2015 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that it is lowering its Canadian prime lending rate by 15 basis points from 3 per cent to 2.85 per cent, effective Wednesday, Jan. 28, 2015.

SOURCE Canadian Imperial Bank of Commerce

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