TD and Scotiabank join other banks in promising to deploy billions of dollars' worth of capital

2 of Canada’s Biggest Banks Announce More Than $250B in Funding to Fuel Canadian Business Expansion

A sign for The Bank of Nova Scotia, operating as Scotiabank, is seen in a reflection besides a sign for TD Canada Trust in Toronto, Dec. 13, 2021. (Reuters/Carlos Osorio)

TD and Scotiabank join other banks in promising to deploy billions of dollars' worth of capital

Toronto-Dominion Bank and Bank of Nova Scotia have committed to deploy billions of dollars over five years to accelerate growth in sectors they deem critical for the future of Canada’s economy, following similar steps taken by the other big Canadian lenders ahead of Prime Minister Mark Carney's investment summit.

TD, Scotiabank Mobilize $250 Billion Behind Carney Investment Push

Two of Canada’s largest banks put more than $250 billion of financing capacity behind the country’s industrial expansion on Monday, a headline figure equal to roughly one-quarter of Ottawa’s five-year investment target but measuring something materially different from direct capital spending. TD Bank announced a $150 billion, five-year commitment covering new lending, underwriting, advisory, and other financing activity. Bank […]