TD Banknorth Cuts Q3 2006 Forecast

Financial Post, Duncan Mavin, 13 September 2006Toronto-Dominion Bank's retail growth story in the United States hit a snag yesterday when its TD Banknorth subsidiary warned that rising costs and increased competition for customers will stifle third-quarter profits.TD has poured funds into a marketing and acquisition-driven expansion plan for Portland, Me.-based TD Banknorth.But current earnings