Tuesday, February 28, 2006
TD Taps Canada's Mosaic for Growth
The Globe and Mail, Sinclair Stewart, 28 February 2006When Toronto-Dominion Bank scooped up Canadian auto finance company VFC Inc. recently, it raised more than a few eyebrows among investors. Why was TD, with its newfound aversion to risky lending, suddenly courting car buyers with weak credit profiles?TD provided a number of answers, ranging from the potential size of the market to the strength
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