What does Victor Dodig believe is the reason for pursuing the merger?
Dodig: Willing to Wait Out Rally on PrivateBancorp Deal
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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.
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What challenges and opportunities did Victor Dodig discuss regarding the Canadian economy?
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