Gerald McCaughey, who cut risk as head of Canadian Imperial Bank of Commerce after costly missteps in the 2000s, plans to retire in two years.
BlackBerry Ltd.’s search for a buyer is stirring up old memories of another former Canadian technology giant that fell from glory.
Canadian stocks rose for a second day as gold producers advanced and health-care companies soared to a 13-year high after Valeant Pharmaceuticals International Inc. surged to a record on a U.S. acquisition.
Chief Executive Officer Gerald McCaughey’s mission to reduce risk at Canadian Imperial Bank of Commerce is rewarding shareholders with a less-volatile stock.
Canadian stocks gained after two days of declines as energy companies increased with the price of oil while raw-material and technology companies fell.
"People are continuing to have a very dim view of global growth, and commodities are out of favor."
- Ian Nakamoto on Oct 22, 2014