I am wondering if anyone has experience about CIBC line of credit (i.e. overdraft). I would like to ask about the maximum credit (relative to my stock placed in CIBC account) and also the interest charged.
For example, if the market value of my stock in CIBC is, say, CAD 50,000. How much can I have from line of credit? And what is the interest rate?
For example, if the market value of my stock in CIBC is, say, CAD 50,000. How much can I have from line of credit? And what is the interest rate?