CIBC CHANGES MORTGAGE RATES

TORONTO, Nov. 17 /CNW/ - CIBC (CM: TSX; NYSE) today announced the following changes in mortgage rates:

Six-month convertible	4.45 per cent, N/C
Six-month open	6.70 per cent, N/C
One-year open	6.35 per cent, N/C
One-year closed	3.35 per cent, up 0.05 per cent
Two-year closed	3.60 per cent, up 0.15 per cent
Three-year closed	4.25 per cent, up 0.15 per cent
Four-year closed	5.19 per cent, up 0.25 per cent
Five-year closed	5.44 per cent, up 0.25 per cent
Seven-year closed	6.45 per cent, N/C
10-year closed	6.50 per cent, N/C

These rates are effective Nov. 18, 2010.

For further information:

Rob McLeod [phone]