Summer spending tightens for many Canadians [Wealth Professional (Canada)]
Canadian Imperial Bank of Commerce (CM)
Last canadian imperial bank of commerce earnings: 2/26 05:53 am
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Source: Wealth Professional
Canadians are adjusting their summer spending habits due to the increasing cost of living, with 77 per cent actively looking for ways to save, according to a recent Canadian Imperial Bank of Commerce (CIBC) poll. Half of Canadians identify summer as the reason they spend the most, but they have started adopting a more frugal approach. Budget-consciousness is evident among those planning to travel, with 62 per cent taking a careful approach to their trip expenses. Around 40 per cent of these travelers plan to spend less than $2,000 on their journeys. Some 60 per cent of Canadians intend to use personal savings to fund their trips. To save money, 67 per cent are opting for domestic vacations, compared to 28 per cent considering trips to the United States and 24 per cent looking at overseas destinations. Popular cost-saving travel options include road trips and camping. However, the fact remains that 74 per cent find saving money more challenging than ever. "Canadians have been
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News
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- CIBC Innovation Banking Provides $10 Million Growth Capital Financing to ClaritiBusiness Wire
- Family gifts for down payments ‘becoming the norm' for young homebuyers: CIBC report [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- CIBC honored with Bronze US President's Volunteer Service Award from Junior Achievement for second consecutive yearPR Newswire
CM
Earnings
- 5/30/24 - Beat
CM
Sec Filings
- 6/28/24 - Form FWP
- 6/28/24 - Form FWP
- 6/28/24 - Form FWP
- CM's page on the SEC website