Dodig: Willing to Wait Out Rally on PrivateBancorp Deal

Victor Dodig, CEO of CIBC, discusses the strategic merger with Private Bancorp, emphasizing a long-term growth strategy in both Canada and the US. The merger, involving cash and stock, is seen as a strategic fit, with plans to wait for favorable market conditions. Looking into 2017, the focus will be on integration and building a strong North American bank. The discussion also covers challenges in the Canadian economy, risks in the housing market, and CIBC's growth plans.

What does Victor Dodig believe is the reason for pursuing the merger?

What challenges and opportunities did Victor Dodig discuss regarding the Canadian economy?