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CIBC receives CXPA's Proven Business Impact Award for its client-focused approach. Oct 06, 2026, 12:30 ET TORONTO, Oct. 6, 2026 /CNW/ - CIBC announced today that it has been recognized with the Customer Experience Professionals Association (CXPA) Proven Business Impact Award for its positive business impact created through a client-focused approach. "This recognition is a testament to how we are bringing our purpose to life each day by helping make our clients' ambitions a reality," said Andrew Greenlaw, Senior Vice-President, Brand, Community and Client Experience, CIBC. "We are honoured to receive this award, which speaks to our team's commitment and dedication to putting our clients at the centre of everything we do." CXPA's Proven Business Impact Awards recognize organizations that demonstrate a real, positive impact on their customers, employees and organizational performance as a result of customer experience improvements. The association recognized CIBC for its deep client-centricity across the bank, and three enterprise priorities: making banking easier, delivering seamless digital experiences, and deepening client relationships. "We've embedded a client-first approach across our organization to ensure more connected and positive experiences for our clients," added Greenlaw. "Our team is focused on continuing to deepen relationships and deliver innovative solutions that make it even easier for clients to do business with us." CIBC is the only Canadian bank among this year's CXPA Impact Award recipients. About CIBC CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking, Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre. SOURCE CIBC For further information: Katarina Milicevic, CIBC Communications & Public Affairs, [email protected] or 416-362-3458

Canadian banks launch new initiative for tokenized CAD deposits. September 27, 2026 @ 11:29 am By Omar Faridi Canada's lenders have recently launched a joint effort to study a Canadian-dollar tokenized deposit system, aiming to keep the country's payments rails competitive as digital money develops worldwide. On September 22, 2026, Bank of Montreal, CIBC, National Bank of Canada, Royal Bank of Canada, Scotiabank, and TD Bank Group said they are working together on digital money solutions denominated in Canadian dollars. The first focus is tokenized deposits: digital records of ordinary commercial-bank deposits that can be transferred on distributed-ledger or similar infrastructure. The funds would remain deposits at the issuing bank rather than becoming a separate crypto-style asset. The banks framed the work as responsible innovation. They want faster, more efficient, and programmable payments for Canadian customers while keeping safety, financial stability, and regulatory oversight intact. The opening phase would test efficient movement of tokenized deposits among participating institutions. Over a longer horizon, the group hopes to link the system with other digital-asset projects. Additional deposit-taking institutions could be invited later.A tokenized deposit is not a new form of money in legal terms. It is a representation of money already held at a regulated bank. That distinction matters. Canada's Office of the Superintendent of Financial Institutions clarified earlier in September that tokenized deposits are not legally distinct from traditional deposits; the technology used does not change the product's legal character. Banks must still consult supervisors before introducing novel offerings. The collaboration sits in a broader context. Canada has already run related experiments, including Project Samara, a Bank of Canada pilot with RBC and TD that examined blockchain for government-bond issuance and settlement. BMO has also pursued tokenized cash and deposit work with other partners. South of the border, large US banks are building tokenized-deposit networks, and individual institutions such as JPMorgan already offer deposit tokens to institutional clients. Canadian banks with substantial US operations sit at the intersection of both efforts.Supporters see several possible benefits. Settlement could occur around the clock instead of being limited by batch windows. Programmability could allow payments to execute automatically when conditions are met, useful for trade finance, securities settlement, or supply-chain flows. Because the tokens represent insured bank deposits, the model stays inside the existing prudential and deposit-protection framework rather than relying on unregulated stablecoins.Important details remain unannounced. The banks have not named a technology platform, a commercial launch date, a governance structure, or a formal role for Payments Canada, which operates the country's core payment systems. Interbank token transfers typically require both a customer-facing token movement and a separate settlement step between banks, which could still use conventional real-time gross settlement or, eventually, tokenized central-bank money. The project is therefore exploratory rather than a finished product. Its success will depend on technical interoperability, operational resilience, clear rules for liquidity and settlement finality, and continued alignment with supervisors. If those pieces come together, Canada's major banks would have a shared, regulated channel for digital Canadian-dollar deposits that can evolve alongside global markets without leaving the commercial banking system. Sponsored Links by DQ Promote

Caribbean ports urged to become hubs for trade, energy and investment. September 25, 2026 Caribbean ports have an opportunity to capture significantly more economic value from the trade, tourism, and shipping activity already moving through the region. However, doing so will require greater investment in modern infrastructure, energy systems, and regional connectivity. That was among the key messages emerging from "The Port Opportunity: Trade, Tourism and Energy Hubs", a panel discussion at the 10th Caribbean Infrastructure Forum (CARIF), sponsored by CIBC alongside KPMG, in Miami last week. The discussion brought together port and infrastructure leaders from across the region and internationally to examine how Caribbean ports can evolve beyond their traditional roles into strategic hubs supporting trade, tourism, energy security, and economic resilience. Moderated by Jeffrey Newton, CIBC Caribbean Senior Director of Credit Underwriting and Portfolio Management, the panel featured Mehmet Ali Deniz, Global Investment Holdings Group Chief Strategy Officer; Donna Marie Howe, Jamaica Bauxite Mining Limited Managing Director; Derek Newbold, Grand Bahama Port Authority Limited Chief Investment Officer, Business Development Department; and Darwin Telemaque, Antigua and Barbuda Port Authority Chief Executive Officer and Port Management Association of the Caribbean Chairman. Newbold said the region should look beyond simply increasing the amount of cargo passing through its ports and focus instead on capturing more of the economic activity surrounding that movement. "We shouldn't so much be focusing on how much more cargo we can get into our ports. The focus is how can we now capture some of that economic value when the cargo and the commerce is actually moving through our region," he said. That opportunity, he explained, includes investment in cold-chain storage, warehousing, distribution and assembly facilities, maritime services and resilient energy infrastructure. Newbold said attractive infrastructure projects should strengthen at least one of three areas: connectivity, resilience or competitiveness. Telemaque highlighted that modernization has become particularly urgent as much of the Caribbean's port infrastructure dates back decades, while the demands being placed on those facilities continue to evolve. "Time to pay attention to the most critical assets you have on your islands. Put in the right investments and empower your industries," he said. He also pointed to the global maritime industry's energy transition as a major economic opportunity for the Caribbean. With the region hosting a substantial share of the global cruise business, he said Caribbean ports should begin positioning themselves to provide the infrastructure and services vessels will increasingly require, including shore power, alternative-fuel bunkering and improved waste-management systems. "We have sun, we have wind, we have geothermal. We ought to start finding the investments to create fuels, to create bunkering hubs, to create the shore power we need," Telemaque said. Rather than every Caribbean destination attempting to provide every service, he suggested greater regional coordination could allow ports to develop specialized capabilities and complementary energy hubs. Howe similarly stressed that modernization cannot take place in isolation. With port upgrades requiring significant capital and long-term planning, she said governments, port operators, technical specialists, financiers, and other stakeholders will need to work together on infrastructure that can respond to future trade and energy requirements. "We need to think about what that trading hub in the Caribbean is going to look like in 20 to 30 years, and it has to be done progressively," Howe said. She also emphasized the wider role ports play in Caribbean societies, pointing to their importance not only for commerce but also for disaster response and recovery. Deniz, meanwhile, highlighted the relationship between infrastructure investment and tourism growth, arguing that successful cruise-port development requires attention to both physical capacity and the experience passengers have once they arrive. "You cannot create a great destination just by making great infrastructure. You also need to bring in activities to people," he said. The discussion also highlighted opportunities to extract greater value from the cruise industry beyond passenger arrivals. These include locally supplying ships with food and other provisions, expanding waste-management services, developing energy and bunkering capabilities, and creating pathways for more Caribbean people to work aboard cruise vessels in technical, engineering and leadership positions. For investors, Newbold said the distinction between infrastructure that is desirable and infrastructure that is genuinely bankable remains critical. Revenue certainty, predictable cash flows, regulatory certainty and effective public-private sector engagement can all help move projects from ambition to execution. "Governments don't necessarily need to fund all of these investment projects, but the public sector plays a very important role in creating the right environment," he said, pointing to policy clarity, transparent processes and functional regulatory systems as important components. Across the discussion, panelists agreed that the Caribbean's ports are more than gateways for ships and goods. With strategic investment and stronger regional coordination, they can increasingly become platforms for energy, logistics, tourism, trade, and wider economic development. Spread the love