The Canadian Press

1995-12-07 | Bank-Profits

Preview Clip

CIBC chairman Al Flood defended the bank's record earnings after it became the latest Canadian chartered bank to crash through the billion-dollar profit barrier. That brought the total profits of Canada's banks to 5.18-billion dollars for the fiscal year -- 900-million dollars more than the previous year. Flood said CIBC is a huge company that more than pulls its weight.

Date: 1995-12-07
Placeline: Toronto, ON, Canada
Source: The Canadian Press
Length: 22 seconds

Transcript Prediction: << where we're spending money in the in the in the system, where we're buying a billion and a half goods and services we're spending two billion dollars on payroll where, where at one point two billion dollars in taxes where we have we paid out over four hundred million in dividends I think I think this company makes it and makes a tremendous contribution to this country >>

Clip ID: 19951207CPCN002