Commemorative silver coins celebrate Vaisakhi festivals
across Canada
TORONTO, April 6, 2016 /CNW/ - To celebrate Vaisakhi,
CIBC (TSX: CM) (NYSE: CM) is thrilled to offer Canadians a
limited edition, one-of-a-kind pure silver coin to commemorate one
of the most important observances in the Sikh religion on
April 13th, ahead of
parade festivities in major cities across Canada.
Every April, Vaisakhi, traditionally seen as a harvest festival,
is celebrated by millions of Sikhs and Punjabis around the world.
It recognizes the creation of the Khalsa fellowship by Guru Gobind
Singh, the 10th Sikh guru.
"CIBC is proud to join Sikh Canadians in celebrating Vaisakhi
with our specially made silver coin and in upcoming parade
festivities," says Vineet Malhotra,
Managing Director and Head, Alternate Solutions Group and Retail
Solutions Group, CIBC. "On behalf of the team at CIBC, I wish
everyone a joyous Vaisakhi!"
The 1 oz. silver Vaisakhi coin, illustrating the symbols of Ik
Onkar and Khanda, is certified to be 99.99 percent fine silver and
was minted exclusively for CIBC. Retailing for $59.95, this limited edition coin can be ordered
online or in any CIBC Banking Center.
This year, CIBC is supporting the Vaisakhi Day parades,
including the highly attended parades in Surrey, B.C. on April
23 and in the Greater Toronto
Area on May 1, as well as in
Calgary and Montreal later in May.
"As a community bank and one of Canada's top diversity employers, we embrace
multiculturalism and continually look for ways of providing
products and services that not only meet the needs of our clients
but also resonates with them in today's fast-paced, connected
world," says Mr. Malhotra.
Last autumn, the bank made it easier and cheaper for Canadians
to send international remittances by eliminating the upfront fees.
Called CIBC Global Money Transfer, the service is now available in
more than 40 countries, including India, with more to follow this year. In
addition, CIBC helps make banking accessible to new immigrants
through its Newcomers to Canada Plan, and partnered with the
Greater Toronto Airports Authority (GTAA) to provide financial
services to GTAA employees and newcomers to Canada, part of the bank's continued
commitment to provide Canadians with innovative banking
solutions.
About CIBC
CIBC is a leading Canadian-based global financial institution with
11 million personal banking and business clients. Through our three
major business units - Retail and Business Banking, Wealth
Management and Capital Markets - CIBC offers a full range of
products and services through its comprehensive electronic banking
network, banking centres and offices across Canada with
offices in the United States and around the world. You
can find other news releases and information about CIBC in our
Media Centre on our corporate website
at www.cibc.com.
SOURCE Canadian Imperial Bank of Commerce