CIBC commits $2 billion to financing smaller defence and dual-use businesses

The Canadian Imperial Bank of Commerce ( CIBC ) has pledged $2 billion to finance domestic small and medium-sized businesses (SMBs) building in defence. The news: CIBC announced the commitment on Thursday. The Toronto-based bank said the funding will be targeted towards Canadian defence and dual-use SMBs developing infrastructure, energy, cybersecurity, digital capabilities, and advanced technologies.