Dodig: Willing to Wait Out Rally on PrivateBancorp Deal

Victor Dodig, CEO of CIBC, discusses the strategic merger with Private Bancorp, emphasizing a long-term growth strategy in both Canada and the US. The merger, involving cash and stock, is seen as a strategic fit, with plans to wait for favorable market conditions. Looking into 2017, the focus will be on integration and building a strong North American bank. The discussion also covers challenges in the Canadian economy, risks in the housing market, and CIBC's growth plans.

What is the primary reason Victor Dodig is willing to wait for a market rally to complete the acquisition of Private Bancorp?

• To ensure a higher stock price

• To reduce acquisition costs

• To align with long-term growth strategy

• To avoid regulatory issues

What is the main focus for CIBC in 2017 according to Victor Dodig?

• Launching new financial products

• Integration and execution

• Expanding into European markets

• Reducing operational costs

What is the ultimate goal of CIBC's strategy as described by Victor Dodig?

• To become the largest bank in Canada

• To focus solely on Canadian operations

• To build a strong North American bank

• To diversify into non-banking sectors

What challenges does Victor Dodig mention regarding the Canadian economy?

• Trade deficits

• Inflation concerns

• Risks in the housing market

• High unemployment rates

Where can viewers watch the full interview with Victor Dodig and other bank CEOs?

• On CIBC's official website

• On Bloomberg TV Canada

• On CNBC

• On YouTube