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Stock impact report

News of the day: First-time homebuyers, mortgage rates, Xanadu valuation, AI banking, tax filing tips and more [Yahoo! Finance Canada]

Canadian Imperial Bank of Commerce (CM) 
Last canadian imperial bank of commerce earnings: 2/26 05:53 am Check Earnings Report
Even with the introduction of the First Home Savings Account and the First-time home buyers' GST/HST rebate on new homes valued up to $1 million, a higher Home Buyers' Plan withdrawal limit and provincial incentives, realtors and brokers across Canada describe the mood among first-time buyers as cautious. Following a frosty March, housing market demand could remain cool during what are typically the hottest homebuying months of the year, according to the latest report from the Canadian Real Estate Association. Toronto-based Xanadu Quantum Technologies Inc.'s market cap soared to $16 billion on Thursday, making it one of Canada's most valuable publicly traded technology companies just three weeks after debuting on the Toronto Stock Exchange. Artificial Intelligence-driven tools helped the Canadian Imperial Bank of Commerce save 1.2 million hours of work in its first quarter and cut mortgage approval times at Toronto-Dominion Bank, say the lenders' chief executives. With the ge Show less Read more
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