Canadian Imperial Bank of Commerce (CM) steadily declined for the majority of Tuesday morning, but settled into a range in the afternoon. Shares finished down by $3.02 at $55.43 on above average volume.
Canadian Imperial Bank of Commerce has been losing ground for nearly a week and closed Tuesday at a month and a half low. The stock also dropped below its 50-day moving average.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.