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Stock impact report

CIBC launches sponsorship of Toronto’s WNBA team [Globe and Mail, The (Toronto, Canada)]

Toronto Dominion Bank (The) (TD) 
Last toronto dominion bank (the) earnings: 2/27 06:30 am Check Earnings Report
The Tempo selected CIBC as a partner after fielding offers from all the major banks. Sammy Kogan/The Globe and Mail The WNBA’s Toronto Tempo has scored a sponsorship from Canadian Imperial Bank of Commerce, with the bank backing the team’s drive to become a national champion in women’s basketball. Canadian Imperial Bank of Commerce (CIBC) will launch a national advertising campaign linked to the Tempo while the team prepares for its inaugural game as the WNBA’s first international franchise in May, 2026. Last spring, Kilmer Sports Ventures, led by billionaire Larry Tanenbaum, acquired the team for an estimated $115-million. While the Tempo will be based in Toronto’s 8,700-seat Coca-Cola Coliseum, the team plans to play home games across the country next year. In an interview, CIBC chief executive officer Victor Dodig said: “We jumped at the opportunity to be part of a team with an ambition to build a national following, in partnership with a proven winner in Larry Tanenbaum.” Mr. Show less Read more
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