CIBC latest Canadian lender to cut jobs, seeks to boost efficiency

Canadian Imperial Bank of Commerce is trimming its workforce as part of a realignment of its resources to help boost efficiency, the country's fifth-biggest lender said on Thursday. "After careful review, we have made the difficult decision to selectively reduce a number of positions across CIBC," the bank said in the statement. The move makes it the latest Canadian bank to trim back after Bank of Nova Scotia and Royal Bank of Canada cut positions late last year.  The job losses