Economic Conditions: Overall economic health, including GDP growth, inflation, and interest rates, affects demand for financial services and CM's profitability.

Bank of Canada Policies: Interest rate changes by the Bank of Canada directly impact CM's lending margins and investment portfolio performance.

Housing Market: As a major mortgage lender, CM's performance is closely tied to the Canadian housing market's health, including sales volume and prices.

Financial Regulations: Changes to banking regulations, capital requirements, and consumer protection laws can impact CM's operating costs and profitability.

Global Events: International economic and political events can influence investor sentiment and impact CM's stock price, particularly given its global operations.

Company Performance: CM's earnings reports, revenue growth, and profitability metrics directly impact investor confidence and stock valuation.

Market Sentiment: General investor sentiment towards the financial sector and the Canadian stock market can influence CM's stock price.

Competition: The competitive landscape within the Canadian banking sector, including other major banks and fintech companies, affects CM's market share and profitability.

Risk Management: CM's ability to effectively manage credit risk, market risk, and operational risk influences investor confidence and stock valuation.