Is CIBC and TD the same?

After a comprehensive review, the Bureau has concluded that the merger of the Canadian Imperial Bank of Commerce ( CIBC ) and the Toronto-Dominion Bank ( TD ) (the Banks), as proposed, is likely to lead to a substantial lessening or prevention of competition that would cause higher prices and lower levels of service …

Why is CIBC a good bank?

Those two banks were the Canadian Bank of Commerce (founded 1867) and the Canadian Imperial Bank (founded 1873). Today, CIBC is one of Canada’s most reputable banking institutions and offers an exceptional direct-to-consumer digital bank known as Simplii Financial, which touts a no-frills, cost-free banking experience.

What does CIBC Wood Gundy do?

CIBC Wood Gundy is a full-service investment firm with about 1,400 Investment Advisors and more than 100 branches across Canada. We offer a comprehensive array of investment and insurance products and services.

What do you know about CIBC Wood Gundy?

Acquired by CIBC in 1988, what is now known as CIBC Wood Gundy has created a legacy of helping generations of Canadians meet their financial goals. Today, CIBC Wood Gundy is the retail division of CIBC World Markets Inc., the corporate and investment banking arm of CIBC, a full-service global financial institution.

Which is better TD Bank or CIBC Bank?

CIBC scored higher in 1 area: CEO Approval. TD scored higher in 7 areas: Overall Rating, Career Opportunities, Compensation & Benefits, Senior Management, Culture & Values, % Recommend to a friend and Positive Business Outlook. Both tied in 1 area: Work-life balance. Overall Rating.

What kind of mortgage does TD Bank offer?

If you’re interested in farming, you should opt for TD’s Farm Mortgage package while the Rural Property Mortgage plan is for those who’d like to buy countryside homes. You can find the latest TD Rates here, and if you intend to talk to the lender’s agent, you should consider visiting your local TD branch.

Why does CIBC stock trade at a discount?

CIBC often trades at a discount to its larger peers. This might be due to the bank’s large relative exposure to the Canadian residential housing market. CIBC finished fiscal Q3 2020 with about $227 billion in mortgage loans and home equity lines of credit on the books.

Which is the best account to have with CIBC?

The same is true for the Smart account if you also have a recurring direct deposit or two pre-authorized monthly payments. Also, CIBC does offer dedicated accounts for both students and seniors. The priciest accounts also have a number of additional features.