TORONTO, Oct. 24, 2018 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that it is raising its Canadian prime lending rate by 25 basis points from 3.70 per cent to 3.95 per cent, effective Thursday, October 25, 2018.

About CIBC

CIBC is a leading Canadian-based global financial institution with 11 million personal banking, business, public sector and institutional clients. Across Personal and Small Business Banking, Commercial Banking and Wealth Management, and Capital Markets businesses, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/en/about-cibc/media-centre.html.

SOURCE Canadian Imperial Bank of Commerce