Toronto-Dominion Bank plans to focus on business lending, credit cards and Quebec to counter a slowdown in profit for Canadian consumer banking, the lender’s largest business unit.
Toronto-Dominion Bank Chief Executive Officer Edmund Clark’s 2011 compensation amounted to C$11.4 million ($11.4 million), about the same as a year earlier.
Canada unexpectedly lost jobs for the first time in five months in August, led by goods-producing industries such as construction and natural resources.
"Even in this day of mobile and Internet, customers love to be able to come in and do banking on their terms."
- Tim Hockey on Mar 27, 2012