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CIBC lowers mortgage rates up to 20 basis points

    TORONTO, April 11 /CNW/ - CIBC (CM: TSX; NYSE) today announced the
following changes in mortgage rates:Six-month convertible          6.85 per cent, down .15 per cent

    Six-month open                 8.90 per cent, unchanged

    One-year open                  9.20 per cent, down .20 per cent

    One-year closed                6.95 per cent, down .20 per cent

    Two-year closed                7.00 per cent, down .20 per cent

    Three-year closed              7.00 per cent, down .20 per cent

    Four-year closed               6.85 per cent, down .19 per cent

    Five-year closed               6.99 per cent, down .20 per cent

    Seven-year closed              7.35 per cent, down .20 per cent

    10-year closed                 7.75 per cent, down .20 per cent

    These rates are effective April 12, 2008.
For further information:
For further information: Doug Maybee at (416) 980-7458 or
doug.maybee@cibc.com

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