11-06-2024, 12:51 PM
Pnym Ontario asked to fight chronic disease among aboriginals
TORONTO 鈥?Canadian Imperial Bank of Commerce took a nearly $1-billion hit to its second-quarter profit as its provisions for credit losses soared due to the pandemic and the plunge in oil prices.The Toronto-based bank said Thursday that it earned $392 million or 83 cents per share for the quarter ended April 30, down from a profit of $1.35 billion or $2.95 per share in the same quarter last year.Analysts on average had expected an adjusted profit of $1.58 per share, according to financial markets data firm Refinitiv. ARTICLE CONTINUES BELOW Chief executive Victor Dodig warned analysts on a call that the conditions that created those decreases are unlikely to abate soon, but said the bank has the resources to cope with such troubles.Economic headwinds are likely to b stanley termosky e here for the near term, he said. ARTICLE CONTINUES BELOW While there are many unknowns related to the pandemic, its effect on the economy and the path to recovery, what is certain is our strong capital liquidity will allow us to withstand ongoing stress.That stress has so far amounted to the bank earning 94 cents per share on an adjusted basis, a drop from $2.97 per share during period last year. stanley quencher ARTICLE CONTINUES BELOW stanley tazas It has also pushed CIBC to put aside $1.41 billion in provisions for credit losses, up from $255 million a year ago, as the a Junx Alaska plans to sell 2 ships from fast ferry service
Following the continued Federal response after Hurricane MiltonOctober 11, 2024 Ril stanley cup ey Guertin, Share This StoryFacebookTwitteremailPrintLinkedinRedditWASHINGTON, DC.- As Floridians grapple with the clean-up and rebuilding from Milton, we ;re seeing aid coming from across the country. Community members, linemen, and federal workers are stepping up, with thousands flocking to the Sunshine State.As the devastation left by Hurricane Milton sinks in, and emergency water rescues wind down the long road to recovery is stanley mugs ramping up.Transportation Secretary Pete Buttigieg stopped by FEMA Thursday, saying that his team is assessing damage to roads, bridges, airports, and the port of Tampa Bay. And that just the beginning, thousands of federal workers are joining state and local officials to work alongside Floridians.Secretary Alejandro Mayorkas with the Department of Homeland Security say stanley tumblers s, Every available resource is being deployed as fast as possible to impact communities. And we will not leave until the work is done.President Biden responded to mounting concerns about FEMA staffing levels, insisting the Federal Emergency Management Agency has enough resources and funding for now. He says he pleading with Congress to act urgently to set aside more money for small business disaster loans.Connect with News 40Follow @wnkytvDownload the WNKY News 40 Weather App
TORONTO 鈥?Canadian Imperial Bank of Commerce took a nearly $1-billion hit to its second-quarter profit as its provisions for credit losses soared due to the pandemic and the plunge in oil prices.The Toronto-based bank said Thursday that it earned $392 million or 83 cents per share for the quarter ended April 30, down from a profit of $1.35 billion or $2.95 per share in the same quarter last year.Analysts on average had expected an adjusted profit of $1.58 per share, according to financial markets data firm Refinitiv. ARTICLE CONTINUES BELOW Chief executive Victor Dodig warned analysts on a call that the conditions that created those decreases are unlikely to abate soon, but said the bank has the resources to cope with such troubles.Economic headwinds are likely to b stanley termosky e here for the near term, he said. ARTICLE CONTINUES BELOW While there are many unknowns related to the pandemic, its effect on the economy and the path to recovery, what is certain is our strong capital liquidity will allow us to withstand ongoing stress.That stress has so far amounted to the bank earning 94 cents per share on an adjusted basis, a drop from $2.97 per share during period last year. stanley quencher ARTICLE CONTINUES BELOW stanley tazas It has also pushed CIBC to put aside $1.41 billion in provisions for credit losses, up from $255 million a year ago, as the a Junx Alaska plans to sell 2 ships from fast ferry service
Following the continued Federal response after Hurricane MiltonOctober 11, 2024 Ril stanley cup ey Guertin, Share This StoryFacebookTwitteremailPrintLinkedinRedditWASHINGTON, DC.- As Floridians grapple with the clean-up and rebuilding from Milton, we ;re seeing aid coming from across the country. Community members, linemen, and federal workers are stepping up, with thousands flocking to the Sunshine State.As the devastation left by Hurricane Milton sinks in, and emergency water rescues wind down the long road to recovery is stanley mugs ramping up.Transportation Secretary Pete Buttigieg stopped by FEMA Thursday, saying that his team is assessing damage to roads, bridges, airports, and the port of Tampa Bay. And that just the beginning, thousands of federal workers are joining state and local officials to work alongside Floridians.Secretary Alejandro Mayorkas with the Department of Homeland Security say stanley tumblers s, Every available resource is being deployed as fast as possible to impact communities. And we will not leave until the work is done.President Biden responded to mounting concerns about FEMA staffing levels, insisting the Federal Emergency Management Agency has enough resources and funding for now. He says he pleading with Congress to act urgently to set aside more money for small business disaster loans.Connect with News 40Follow @wnkytvDownload the WNKY News 40 Weather App