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COVID-19 measures must help both landlords, tenants: CIBC chief [Financial Post (Toronto, Ontario, Canada)]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Company Research Source: Financial Post
COVID-19 measures must help both landlords, tenants: CIBC chief Property owners who are given mortgage deferrals should pass the help on to their tenants, whether commercial or residential The chief executive of the Canadian Imperial Bank of Commerce is stressing the need to help residential and commercial landlords and tenants get through the coronavirus crisis, including by ensuring renters also benefit from relief being given to owners. After airlines and energy firms, the next area of focus should be “how do we help landlords and tenants, both on the personal and on the commercial front, deal with this as well,” Victor Dodig told the Post on Wednesday. Tenants are looking for relief and landlords are offering it, but “it’s not a consistent offering,” the CIBC CEO said. “And obviously, landlords have their own obligations as well,” he added. “So that’s going to be another area, I think, of focus that we’re all going to have to put our mind against.” Dodig said he had spoken to a nu Show less Read more
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