CIBC taking a more ‘diversified’ approach to originating mortgages rather than focusing on the greater Toronto and Vancouver areas, CEO says
Canadian Imperial Bank of Commerce expects its growth in domestic mortgages to be more “market-like” in 2020, after last year’s contraction in home-loan balances, Chief Executive Officer Victor Dodig said.
“All of that has delivered some pretty positive results in the months of November and December, that we believe will continue to deliver into the year,” Dodig said at the RBC Capital Markets banking conference in Toronto. “Our growth over the course of the year will look more market-like on the mortgage front.”
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