Media Advisory - CIBC World Markets trading floor hosts Miracle Day
Nov 28, 2008
TORONTO, Nov. 28 /CNW/ - CIBC (CM: TSX; NYSE) - On December 3rd, CIBC World Markets sales and trading employees and CIBC Wood Gundy investment advisors will donate their fees and commissions to children's charities across Canada as part of Miracle Day, an annual charity that has raised $41 million since it was conceived in Canada in 1984. "On December 3, we work for a different boss - children in need all across Canada," said Richard Nesbitt, Chairman and CEO, CIBC World Markets. "Miracle Day is traditionally one of our busiest trading days of the year as clients large and small know their commissions go to help their favourite kid's charities." "These charities need our support more than ever and we encourage anyone looking to buy or sell stock next week to do it on Wednesday through a CIBC World Markets or a CIBC Wood Gundy representative." Funds raised on Miracle Day benefit a wide range of children's charities. Whether it is a hot meal to start the day, shelter in the midst of a crisis, extra help with schoolwork or the fulfillment of a child's special wish - the Miracle touches the lives of children across Canada. More information is available at: http://www.cibcwm.com/wm/miracleday/index.htmlWho: We invite you to the CIBC World Markets trading floor to talk to CIBC traders, advisors and senior leaders working to support children's charities on Miracle Day. What: CIBC World Markets and CIBC Wood Gundy employees will donate their fees and commissions to children's charities on Miracle Day. On-hand will be CIBC executives, special guests and Canadian celebrities. When: Wednesday, December 3, 2008 10 a.m. - noon Where: CIBC World Markets Trading Floor, Brookfield Place, 161 Bay St., Toronto For CIBC World Markets Miracle Day activities in the rest of Canada, please contact Kevin Dove at 416-980-8835/ firstname.lastname@example.org. Why: For the past 24 years, the CIBC World Markets Children's Foundation has carried on its strong tradition of supporting and improving the quality of life for Canadian children. What started with the simple belief that by working together we could make a difference has grown into one of Canada's largest single-day corporate fundraisers for children. RSVP: Erin Truax, CIBC Communications and Public Affairs, 416-304-5568CIBC is committed to supporting causes that matter to our clients, our employees and our communities. We aim to make a difference in communities through corporate donations, sponsorships and the volunteer spirit of employees. With a strategic focus on youth, education and health, and employee commitment to causes including the Canadian Breast Cancer Foundation CIBC Run for the Cure, United Way and the CIBC World Markets Children's Foundation, we are investing in the social and economic development of communities across the country. In 2007, CIBC group of companies contributed more than $36 million worldwide to charitable organizations and community initiatives. Of this, $27 million was invested in Canada to support national, regional and local organizations. To learn more, visit www.cibc.com/pasCIBC World Markets Miracle Day - FAQ ------------------------------------What is the CIBC World Markets Children's Foundation? The CIBC World Markets Children's Foundation is a charitable trust responsible for distributing funds raised on Miracle Day (the first Wednesday of each December) to Canadian children's charities. What is Miracle Day? CIBC World Markets Miracle Day is a one-day fundraising event that donates all fees and commissions to a variety of charitable organizations helping children. Miracle Day happens on the first Wednesday of each December during market trading hours. In Canada, CIBC World Markets Miracle Day is one of the largest one-day corporate fundraising events devoted to children's charities. When is the CIBC World Markets Miracle Day? CIBC World Markets Miracle Day is the first Wednesday of every December. This year's Miracle Day will take place on Wednesday, December 3, 2008. It occurs during stock market trading hours. How much does the CIBC World Markets Miracle Day raise? Since 1984, Miracle Day has raised more than C$190 million for children's charities. In 2007, Miracle Day raised over C$10.1 million globally. How did the CIBC World Markets Miracle Day begin? Miracle Day was conceived in 1984 by a Wood Gundy manager. The original event was called Miracle on 42nd Street, and its goal was to raise money for children's charities during the Christmas season. The first Miracle Day raised C$163,935. Since then, Miracle Day has become an important CIBC World Markets tradition. How are CIBC World Markets employees involved? Thousands of CIBC World Markets employees give their time, energy and imagination to promote and organize Miracle Day. On December 3, 2008, CIBC World Markets sales and trading staff and CIBC Wood Gundy Investment Advisors will contribute their commissions and fees to the CIBC World Markets Children's Foundation. Throughout the year, hundreds of employees also take an active role with the charities that the Foundation supports. This includes serving on boards of directors, volunteering time and talents, and offering personal donations. It started with the simple belief that by working together we could make a difference for children. It has grown into a miracle. How are CIBC World Markets and CIBC Wood Gundy clients involved? On Miracle Day, Institutional clients may request that up to 50% of the fees and commissions from their transactions be designated for a specific Canadian children's charity that complies with the Donation Guidelines. Individual clients of CIBC Wood Gundy offices should contact their CIBC Wood Gundy Investment Advisor to find out more about Miracle Day in their community.
For further information:
For further information: Kevin Dove, CIBC Communications and Public Affairs, (416) 980-8835, email@example.com