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CIBC to Offer SpaceX Access Through Canadian Depositary Receipt
Investing CIBC to Offer SpaceX Access Through Canadian Depositary Receipt Canadian Imperial Bank of Commerce is set to offer Canadian investors access to SpaceX through a vehicle that gives local investors access to global stocks. The bank will launch a SpaceX Canadian depositary receipt on the Toronto Stock Exchange, with trading expected to begin on Friday, according to a release. SpaceX’s initial public offering is set to price Thursday and trade the following day.
Stocks Gain as Buyers Step In After AI-Led Selloff
Wall Street staged a comeback as dip buyers emerged, lifting stocks amid renewed enthusiasm over artificial intelligence and bets that a solid economy will keep powering Corporate America. Chris Harvey, Head of Equity & Portfolio Strategy at CIBC Capital Markets, discusses signs of a potential market melt-up.