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 theGreater
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