TD Bank CEO Bharat Masrani Got A 10% Pay Hike Amid Company-Wide Layoffs

TORONTO — TD Bank CEO Bharat Masrani was given a 10 per cent pay bump in 2015, a year when the bank laid off staff as part of a company-wide effort to trim costs.

The bank issued its management proxy circular on Tuesday, showing that Masrani was paid $9 million in total compensation.

This Is When Toronto, Vancouver Housing Markets Will Come Down, According To TD Ban

In Toronto and Vancouver’s hot housing markets, affordability is “becoming a growing challenge for many individuals and families,” Royal LePage noted in a new report.

Buying any type of residential property in Greater Toronto is 11.9 per cent more expensive today than it was a year ago, the realtor said in a survey released Wednesday. In Greater Vancouver, residential real estate is up 12.9 per cent in a year, to an average of $928,532.

The Largest Risk To Canada's Economy? China, TD Bank Says

The largest risk to Canada’s economy isn't the slowdown in the oil industry, or the spectre of a housing bubble — it’s the world outside Canada and particularly China, economists at TD Bank say.

Canada will return to “steady, modest” growth in the second half of this year, TD Economics said in a report issued Monday.

TD Latest Bank To Earn Billions And Dole Out Job Cuts

Toronto-Dominion is the latest of the big Canadian banks to dole out pink slips to staff. And employees tell CBC News they expect more layoffs to come as the company looks to cut costs.

Although they're still pulling in billions in profits, TD and other big banks are trying to protect their bottom line in a slow growth economy.

TD Bank CEO Ed Clark: Soaring Debt Loads Making Canada's Economy 'Fragile'

TD Bank CEO Ed Clark has always been more forthcoming with his opinions than some of his colleagues, but his recent comments on Canada’s economy are pretty strong, even by his standards.

In a recent series of speeches and interviews, the head of Canada's third-largest mortgage lender has been warning audiences that the large debt loads Canadians have taken to purchase increasingly expensive houses are making the economy “fragile” and “accident prone.”

Couple Feel 'Robbed' By 25% Interest TD Car Loan

A B.C. couple are speaking out about how they feel they were misled into a 25 per cent vehicle loan from TD, which has left them paying more than double the price of their car.

“We’re paying $21,000 for the loan — then $23,000 in interest,” said Angie Hauser of Kelowna. “They’re making money off of people who have no money.”

Oil industry faced with ‘serious challenge’ as pipelines fill up, TD warns

CALGARY — Two major banks are warning that increased pipeline capacity is badly needed to bring Canadian oil to market.

In a report released Monday, TD Economics calls pipeline expansion a “national priority.”

“Canada’s oil industry is facing a serious challenge to its long-term growth,” says the report.

“Current oil production in Western Canada coupled with significant gains in U.S. domestic production have led the industry to bump up against capacity constraints in existing pipelines and refineries.”

TD Bank Q4 Profit Hits $1.6 Billion, Buys U.S.-Based Epoch Investment Management Business

TORONTO - TD Bank Financial Group (TSX:TD) reported a fourth-quarter profit of $1.6 billion Thursday as it announced a deal to buy U.S.-based money manager Epoch Holding Corp. for US$668 million in cash.

"We've been looking for an opportunity to acquire a U.S. asset manager to build our North American Wealth business, which is a key growth area for TD," said Mike Pedersen, who runs TD's wealth management and insurance business.