Simplii Financial to meet the needs of Canadians who value straightforward, no-fee daily banking and great rates as CIBC and President's Choice Bank agree to wind-down their PC Financial® consumer banking offer TORONTO, Aug. 16, 2017 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced plans to launch Simplii Financial™, a new direct banking brand for clients who want no-fee daily banking through online, mobile and telephone channels. "This is an exciting step as we continue to build a leading client-focused direct banking offer," said Mike Boluch, Executive Vice-President, Direct Banking, Innovation & Payments, CIBC. "Simplii will deliver straightforward, no-fee everyday banking and great rates for the growing number of Canadians who prefer to do their banking by telephone, online, or through mobile and other digital channels. For CIBC, innovating and adapting to our clients' needs is part of our DNA." In conjunction with this launch, CIBC and President's Choice Bank have agreed that they will wind-down their consumer banking offer, and clients with President's Choice Financial® products provided by CIBC will transition to Simplii Financial. As the bank behind the President's Choice Financial® consumer banking offer for nearly 20 years, CIBC already provides banking products and services to these clients, as well as mobile, online and telephone banking support. There are no changes to PC Financial® MasterCard® products as they are offered by President's Choice Bank. Added Mr. Boluch, "First and foremost, we are committed to ensuring a smooth transition for our clients.  We will continue to offer attractive rates, no-fee products, personalized advice and support clients' needs to help them achieve their financial goals. We look forward to a seamless transition as we continue providing great service to our clients through Simplii." The Simplii Financial brand will replace the President's Choice Financial® brand banking products and services issued by CIBC, effective November 1. Clients can continue to use their bank accounts without interruption and expect the same no-fee daily banking. No-fee daily banking and the same great interest savings rates Great mortgage and loan solutions Bank accounts will continue to function as they normally would No change to account numbers, registered bill payments, preauthorized debits or automatic payroll deposits No changes to the terms and conditions of mortgages Access to CIBC ATMs across Canada free of charge and Personal Banking Representatives by telephone at 1-888-723-8881 Clients can continue to earn PC® points on banking accounts until October 31. After that date, clients can continue to redeem PC® points through the points program operated by Loblaw Companies Limited and its affiliates. Banking services at in-store pavilions and ATMs operated by CIBC will be phased out of Loblaws and partner grocery stores between November 1, 2017 and March 31, 2018. Clients can continue to access CIBC bank machines free of charge and call 1-888-723-8881 for banking services and personalized advice. Related to this transaction, CIBC expects to incur fees and charges of approximately $100 million pre-tax in the current quarter, which will be reported as an item of note when CIBC releases its fourth quarter results. With the new Simplii Financial brand and ongoing investments in digital channels, and direct banking offer and platform, CIBC will continue to enhance its capabilities, value for clients, and add incremental growth over time. CIBC is a recognized leader in digital banking with numerous awards, including the highest score for mobile and online banking functionality in Canada from Forrester Research, and Financial Institution Innovator of the Year from the Digital Finance Institute. CIBC also has a long history of delivering innovative services to clients, such as, more recently, providing free credit scores via its mobile banking app and no-fee Global Money Transfer™ remittance service

Two vehicles have collided at the intersection of 18th Street and Victoria Ave resulting in some minor traffic delays. The accident happened Monday afternoon and alternative traffic routes have been setup.   Reports indicate that no-one was hurt in the accident.  BPS remained on site redirecting traffic, as shown below in the user submitted photos.

Brandon Police Service Media Release Brandon Police Service is reporting that a 2014 Dodge Caravan, driven by a 27-year old Brandon female, collided with 4 parked vehicles in the area of the zero hundred block of E. Fotheringham Drive. The incident happened at approximately 9:45 pm on Saturday night. Police believe the vehicle may have been travelling at a high rate of speed at the time of the collision. The driver had to be extracted by Brandon Fire and Emergency Service as she had been trapped in her car following the collision. The driver was taken to hospital and police say that alcohol does appear to be a factor at this time. No charges have yet been laid and the incident is still under investigation. Possible charges likely to follow.

There are reports of multiple vehicles being damaged in a collision on Fotheringham Drive, just outside of the Riverheights School. BDNMB.CA received word late Saturday night, from a loyal follower, who said he was playing tennis on the courts at the Wheat City Golf Course when he heard what he thought was the sound of vehicles making contact with one another.  He tells bdnmb.ca that, despite the distance, he could hear the impact "clear as day".   No other details are available at this time.  Police and ambulance remain on scene. Submitted photos by Scott Rouire.

The Manitoba government has issued a request for proposals (RFP) from qualified organizations interested in creating home ownership opportunities for low- to moderate-income families, Families Minister Scott Fielding announced today. “Our government believes in finding ways to make it easier for more Manitobans to become homeowners,” said Fielding. “Owning a home can provide a sense of safety, security and pride for families.” Manitoba Housing has allocated $1 million for two RFPs as part of its affordable home ownership development programs. The first seeks projects to provide capital funding for new construction, renovating existing homes and conversions. The second focuses on homebuyer assistance, which could include funding for down payment and closing costs. Eligible RFP applicants include municipalities, private and public or municipal non-profit housing corporations, housing co-operatives and private developers. Projects must focus on homeowners whose total household income is at or below $71,255.  Homes must contain two or more bedrooms, either as detached, semi-detached, duplex or attached units. Manitoba Housing is able to provide a one-time fully-forgivable loan and will waive repayment if selected terms and conditions are met. Loans may be provided on a per-unit basis and the amount of the loan will be determined based on the project details. The maximum amount of financial assistance available through both RFPs is $70,000 per unit. The province will use a competitive process to select the most appropriate and cost-effective proposals. Intake is now open, with a deadline of 4 p.m., Friday, Oct. 6. The RFP documents and related information are available online at www.gov.mb.ca/housing/progs/rfp-homeownership-2.html.