CIBC World Markets: CIBC

CIBC Dept: A wave of retirements among business owners over the next few years could pose a significant risk for the Canadian economy as the country undergoes the biggest transfer of economic control in its history, according to CIBC World Markets, according to Winnipeg Free Press. "The economic implications of the accelerated pace at which firms are changing hands should not be underestimated," CIBC deputy chief economist Benjamin Tal said in the report issued Tuesday and the CIBC sign in Toronto's financial district in downtown Toronto is shown on Feb. 26, 2009. THE CANADIAN PRESS/Nathan Denette CIBC said half of all small- and medium-sized businesses in Canada are set to retire over the next decade, including 310,000 that plan to transfer control of their companies within the next five years. (www.immigrantscanada.com). As reported in the news.