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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.