Gerald McCaughey, who cut risk as head of Canadian Imperial Bank of Commerce after costly missteps in the 2000s, plans to retire in two years.
Canadian stocks gained after two days of declines as energy companies increased with the price of oil while raw-material and technology companies fell.
Toronto-Dominion Bank Chief Executive Officer Ed Clark is showing Canadian rivals that you can bet on the U.S. without risking your stock.
BlackBerry Ltd.’s search for a buyer is stirring up old memories of another former Canadian technology giant that fell from glory.
Toronto-Dominion Bank and Royal Bank of Canada, the country’s largest lenders, reached record highs after posting second-quarter profit that beat analysts’ estimates on gains from consumer banking and wealth management.
"It's hard to give up the reins unless you're right out of the office, out of the bank."
- Ian Nakamoto on Jul 31, 2014