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.
Canadian stocks gained after two days of declines as energy companies increased with the price of oil while raw-material and technology companies fell.
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.
"The mix of business is a factor for the market reaction."
- Ian Nakamoto on Aug 28, 2014