As part of its commitment to addressing anti-Black systemic racism and enabling the aspirations of Black leaders, CIBC announced a doubling of funding for education and resource programs for the Black community to $2 million annually. It also  launched a new banking program designed for Black-owned businesses. In the announcement, Victor Dodig emphasized the importance of taking concrete steps to end systemic racism and realizing the impact it will have on the community at large.

“For our bank and society as a whole, our human capital is one of our greatest strengths; tackling the inequities that exist today is essential for our shared success and prosperity.”

Victor Dodig, President and CEO, CIBC