CIBC World Markets Inc.
News and overview for CIBC World Markets Inc.
Sierra Wireless Agrees to Acquire Wavecom in Friendly Deal [Press Release]
PRNewswire | 33 days 11 hours 22 minutes ago
Combination Will Create a Global Leader in Wireless Data - Sierra Wireless to make an all cash offer of (euro)8.50 per ordinary share of Wavecom - Founders of Wavecom, representing 21% of Wavecom's shares outstanding, have committed to tender all their shares to the offer - The combination of both firms uniquely positioned to benefit from the anticipated growth in wireless data for the mobile computing and M2M markets - Comp...
Consumer spending drops 1% in October - MarketWatch
MarketWatch | 42 days 15 hours 47 minutes ago
WASHINGTON (MarketWatch) -- Consumer spending fell 1% in October, the largest decline since September 2001, the Commerce Department reported Wednesday.
Oilsands Quest announces closing of underwritten private placement of Flow-Through Shares [Press Release]
PRNewswire | 96 days 8 hours ago
Amex: BQI
Harsh economic data expected for coming week - MarketWatch
MarketWatch | 46 days 49 minutes ago
WASHINGTON (MarketWatch) -- The economic data this week is expected to take a dramatic turn for the worse, with weak durable-goods sales, consumer spending, and housing data, analysts said.
CIBC hit with another overtime suit
National Post (Canada) | 64 days 6 hours 30 minutes ago
Class-action overtime lawsuits took an interesting twist yesterday with the filing of a $360-million
Alpha Trading Systems Secures Market Position With TNS [Press Release]
Business Wire | 19 hours 52 minutes ago
Alpha Trading Systems (Alpha), the latest ATS to launch in Canada is already laying strong foundations and targeting growth in a competitive marketplace, after establishing a connection to Transaction Network Services’ (NYSE:TNS) extranet.
Loonie poised to take a run at greenback?
Globe and Mail (Toronto), The | 1 day 5 hours 14 minutes ago
The U.S. dollar has been a big winner this year, but it is hard to believe the Canadian dollar will face the same adversity in 2009 as it did last year, unless the global economy falls apart.
RIGZONE - Crescent Point Announces $100MM Bought Deal Financing
Rigzone.com | 23 days 7 hours 8 minutes ago
Crescent Point has entered into an agreement, on a bought deal basis, with a syndicate of underwriters co-led by Scotia Capital Inc., BMO Capital Markets, and CIBC World Markets Inc., and including RBC Capital Markets, FirstEnergy Capital Corp., TD Securities Inc., GMP Securities L.P., National Bank Financial and Tristone Capital Inc. for an offering of 4,545,500 trust units at $22.00 per trust unit to raise gross proceeds of $100 million.
Bond yields take flight
Globe and Mail (Toronto), The | 1 day 22 hours 5 minutes ago
The yield on long-term U.S. Treasuries soared from their record lows during the past five trading days ahead of this week's auction of $45-billion (U.S.) in government bonds.
Purse strings expected to stay tight
Globe and Mail (Toronto), The | 14 days 22 hours 54 minutes ago
The U.S. economy, and some would say much of the world, depend on whether U.S. consumers will return to their spendthrift ways in 2009.
Traders still spooked, despite (small) signs of stability
Globe and Mail (Toronto), The | 37 days 20 hours 44 minutes ago
Just think about the daily up and down swings in global equities during the past few weeks and it becomes obvious stock traders are uneasy.
Fed funds rate cut seen as 'mostly ceremonial'
Globe and Mail (Toronto), The | 23 days 19 hours ago
The U.S. Federal Reserve Board is expected to lower the Federal funds rate tomorrow, but as far as the economy goes, the decision is basically irrelevant.
Investors cheer ACE plan, stock soars
Globe and Mail (Toronto), The | 28 days 21 hours ago
Investors warmed yesterday to the prospect of ACE Aviation Holdings Inc.'s exit strategy reaching fruition, sending ACE shares surging.
E*Trade Fined $1 Million Over Monitoring Lapses
Wall Street Journal, The | 5 days 2 hours 54 minutes ago
The Financial Industry Regulatory Authority imposed a $1 million fine against E*Trade Financial Corp. for failing to establish antimoney-laundering policies and procedures that can detect suspicious securities transactions.The authority, known as Finra, said the New York online broker and lender neither admitted nor denied the charges but consented to the entry of the findings. The company's securities and trade-clearing units also were named in the statement about the fine.
Air Canada shares plunge, ACE stock rockets as deal sinks in
Globe and Mail (Toronto), The | 26 days 20 hours 38 minutes ago
As ACE Aviation Holdings Inc. prepares to shut down after more than four years as Air Canada's parent company, investors have awakened to the realization that the cash-strapped airline won't be inheriting ACE's money.
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Company Overview
| Company: | CIBC World Markets Inc. |
|---|---|
| Industry: | Middle-Market Investment Banking |
| Website: | http://www.cibcwm.com |
CIBC World Markets is not some diabolical Canadian plot to take over the world. The company is the investment banking subsidiary of Canadian Imperial Bank of Commerce (CIBC), one of Canada's Big Four banks. Its services include corporate finance, debt and equity underwriting, mergers and acquisitions advice, asset management, equity research, merchant banking, and access to global capital markets. The company is active mainly in North America, where it has about a dozen locations. It also has nearly 10 additional offices in Asia, Europe, and Australia.
Key Numbers
| Sales in U.S. Dollars (mil.) | 1,016.8 (2007) |
|---|---|
| One-year % Growth in Sales | 0.0 (2007) |
| Net Income in U.S. Dollars (mil.) | 0 () |
| One-year % Growth in Net Income | 0.0 () |
| Number of Employees | 4,900 (2007) |
| One-year % Growth in Number of Employees | 0.0 (2007) |
| Fiscal Year-End | October |