Canadian Imperial Bank of Commerce (CIBC) committed $2 billion to support small- and medium-sized domestic businesses. This funding targets companies operating within the Canadian defence industry and those with dual-use civilian applications.
The initiative helps firms scale operations and enhance domestic capabilities in sectors including infrastructure, energy, and cybersecurity. CIBC established a national network of industry specialists to provide clients with financing, strategic advice, and professional connections.
This strategic move follows a defence summit hosted by the bank in May.