The Canadian bank has seen its market share contested by some of its competitors.
Bank of Montreal (BMO) has slid from the top spot of the rankings as the most dominant issuer group in the Canadian structured products market during the third quarter (May to July) of 2021. CIBC is now in the lead after a year of the firm wavering between second and third ranks on the SRP league tables. BMO issued 384 structured products while CIBC issued 386 in Q2 21 , compared to the former’s Q2 20 total of 233 products. Nevertheless, the bank has managed to boost its structured produc