Briefing

    CIBC becomes last of Canada’s big five banks to join ETF parade

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    CIBC’s exchange-traded funds (ETF) begin selling on the Toronto Stock Exchange today. Scotiabank started offering its own ETFs last year while the National Bank of Canada filed with regulators last year for its own funds. RBC recently partnered with BlackRock, the world’s largest ETF provider, to bring a combined $60 billion in assets under management. (Bloomberg)

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