Five local Grade 10 students receive CIBC Youthvision® Scholarships valued at up to $36,000 each

Scholarship includes tuition, paid summer internships at YMCA and mentoring to help them reach their full potential

CIBC (CM:TSX: NYSE) is pleased to announce that Ms. Mardaina Daley of Notre Dame High School, Ms. Hanna-Ruth Desalines of Le Collège français, Ms. Nirusha Jebanesan of L’Amoreaux Collegiate Institute, Ms. Raquel Simpson of The YMCA Academy, and Mr. Spencer Craig of Silverthorn Collegiate Institute are among the 30 Grade 10 students from across Canada receiving the 2010 CIBC Youthvision® Scholarship awards, the only scholarship program in Canada awarded to Grade 10 students.

The CIBC Youthvision Scholarship, delivered through CIBC’s unique partnership with Big Brothers Big Sisters of Canada and YMCA Canada, combines post-secondary tuition, paid summer internships at the YMCA and mentoring support to help youth reach their full potential. This year’s crop of winners brings the total number of scholarships awarded to Grade 10 students across Canada to 360, representing a multi-year commitment by CIBC of more than $10 million for this program.

"Winning the CIBC Youthvision Scholarship means a lot to my family and me because now my mother doesn’t have to worry about where the money is going to come from when it’s time for me to go to college or university," said Simpson. "I’m happy that I can now fulfill my goals of what I want to be and not wonder how I’m going to get there."

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