Commemorative silver coins celebrate Vaisakhi festivals across Canada
TORONTO, April 6, 2016 /CNW/ - To celebrate Vaisakhi, CIBC (TSX: CM) (NYSE: CM) is thrilled to offer Canadians a limited edition, one-of-a-kind pure silver coin to commemorate one of the most important observances in the Sikh religion on April 13th, ahead of parade festivities in major cities across Canada.
Every April, Vaisakhi, traditionally seen as a harvest festival, is celebrated by millions of Sikhs and Punjabis around the world. It recognizes the creation of the Khalsa fellowship by Guru Gobind Singh, the 10th Sikh guru.
"CIBC is proud to join Sikh Canadians in celebrating Vaisakhi with our specially made silver coin and in upcoming parade festivities," says Vineet Malhotra, Managing Director and Head, Alternate Solutions Group and Retail Solutions Group, CIBC. "On behalf of the team at CIBC, I wish everyone a joyous Vaisakhi!"
The 1 oz. silver Vaisakhi coin, illustrating the symbols of Ik Onkar and Khanda, is certified to be 99.99 percent fine silver and was minted exclusively for CIBC. Retailing for $59.95, this limited edition coin can be ordered online or in any CIBC Banking Center.
This year, CIBC is supporting the Vaisakhi Day parades, including the highly attended parades in Surrey, B.C. on April 23 and in the Greater Toronto Area on May 1, as well as in Calgary and Montreal later in May.
"As a community bank and one of Canada's top diversity employers, we embrace multiculturalism and continually look for ways of providing products and services that not only meet the needs of our clients but also resonates with them in today's fast-paced, connected world," says Mr. Malhotra.
Last autumn, the bank made it easier and cheaper for Canadians to send international remittances by eliminating the upfront fees. Called CIBC Global Money Transfer, the service is now available in more than 40 countries, including India, with more to follow this year. In addition, CIBC helps make banking accessible to new immigrants through its Newcomers to Canada Plan, and partnered with the Greater Toronto Airports Authority (GTAA) to provide financial services to GTAA employees and newcomers to Canada, part of the bank's continued commitment to provide Canadians with innovative banking solutions.
CIBC is a leading Canadian-based global financial institution with 11 million personal banking and business clients. Through our three major business units - Retail and Business Banking, Wealth Management and Capital Markets - CIBC offers a full range of products and services through its comprehensive electronic banking network, banking centres and offices across Canada with offices in the United States and around the world. You can find other news releases and information about CIBC in our Media Centre on our corporate website at www.cibc.com.
SOURCE Canadian Imperial Bank of Commerce
Image with caption: "CIBC’s exclusive 1 oz. pure silver Vaisakhi commemorative coin bears the Ik Onkar symbol while the obverse side features the Khanda. (CNW Group/Canadian Imperial Bank of Commerce)". Image available at: http://photos.newswire.ca/images/download/20160406_C4374_PHOTO_EN_658767.jpg
Image with caption: "CIBC’s exclusive 1 oz. pure silver Vaisakhi commemorative coin bears the Ik Onkar symbol while the obverse side features the Khanda. (CNW Group/Canadian Imperial Bank of Commerce)". Image available at: http://photos.newswire.ca/images/download/20160406_C4374_PHOTO_EN_658769.jpg