Canada's major bank TD reports Q3 profit
Thursday, September 02, 2021 1:16 PM

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TORONTO, Sep. 2, 2010 (Xinhua News Agency) -- Toronto Dominion (TD) Bank, one of Canada's five major banks, Thursday reported a third quarter profit of 1.18 billion Canadian dollars (about 1.13 billion U.S. dollars), a 29 percent growth.

"Our retail businesses continue to perform very well and leave us positioned to deliver a good year," said Ed Clark, the TD chief executive.

TD is the last of the five big banks to report for the three months ended July 31. As for the Canadian Personal and Commercial Banking posted earnings of 841 million Canadian dollars in the third quarter, up 24 percent from the same period last year.

TD Canada Trust (TDCT) reported strong volume growth across most banking products, in particular real estate secured lending and business deposits.

"Canadian Personal and Commercial Banking delivered its third consecutive record quarter as we continue to invest in our people and stay focused on our commitment to providing the best possible service and convenience to our customers," said Tim Hockey, Chief Executive Officer of TDCT, adding that TDCT expects continued strong earnings growth.

"We're confident that our excellent capital levels, recent acquisitions and the investments we've made in the business will help ensure that we continue to grow despite the continuing economic challenges," said Clark. (1 U.S. dollar = 1.06 Canadian dollars)

 

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