TORONTO - Canadian Imperial Bank of Commerce said Investors Edge, its discount brokerage service, will begin operating throughout Canada.

Investors Edge, which offers customers cheap, direct telephone access to a full range of investment options, was launched in Ontario in 1991 and Quebec in 1992 as an alternative to full-service brokerage. It was expanded to British Columbia and Alberta in March, the bank said.

This week, CIBC Investors Services Inc. will be licensed to operate in every Canadian province and territory. Canadian Imperial is Canada's second-largest bank.

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