CIBC reported a jump in profits that beat analyst expectations as its outgoing chief executive said the bank is well positioned to weather macroeconomic volatility ahead.

"We're moving our bank forward, even as the operating environment remains uncertain," Victor Dodig told analysts Thursday during his final quarterly conference call before he retires.

"Global trade tensions may result in slower growth and higher inflation in many countries, including Canada and the United States. However, we anticipate that declining interest rates will help support economic growth, while fiscal policy will offer targeted relief to the sectors most affected by trade negotiations."

Dodig is set to leave the top job on Oct. 31 after more than a decade, handing the reins to current chief operating officer

See Full Page