The domestic market has seen changes at the top of the country’s issuer ranking with CIBC taking over BMO as the most active product manufacturer in the market.

Canadian Imperial Bank of Commerce (CIBC) has risen through the ranks to become the most dominant issuer group in the Canadian structured products market during the third (May-July) quarter of 2021, SRP data shows. With an issuance of 387 structured products during Q3 21 , the bank has boosted its performance by 151% from the second quarter of 2020 and has displaced from the top of the league table Bank of Montreal (BMO) which issued 154 products. CIBC’s product issuance fell slightly du