(Corrects paragraph 2 to say earnings of 10 Canadian cents per
share is on an adjusted basis)
Sept 16 Aimia Inc struck a deal with
Toronto-Dominion Bank and Canadian Imperial Bank of
Commerce under which TD will be the issuer of Aeroplan
credit cards and acquire half of CIBC's existing portfolio, with
CIBC retaining the rest.
TD said the deal, effective Jan. 1, would contribute 10
Canadian cents per share on an adjusted basis to earnings next
Earlier this year, Aimia said TD would replace CIBC as the
issuer of the popular flight rewards card after Aimia and CIBC
failed to reach an agreement to renew their contract.
CIBC has been the main issuer for more than 20 years.
(Reporting by Krithika Krishnamurthy in Bangalore; Editing by