The company that owns the air miles program known as Aeroplan, Aimia Inc, has decided to move its business to the TD Bank. It seems like a blow to CIBC which has held the card issuing franchise since its inception. Now CIBC is struggling to retain the customers who have accounts and other business with CIBC. It’s reasonable to think that some of those customers might follow Aeorpolan to the TD with all their business, a double whammy for the Commerce. Aerogold moving
