TD Bank Sees Rising Loan Losses; No Dividend Cut

Reuters, 28 January 2009Toronto Dominion Bank's chief financial officer expects its provision for credit losses to increase this year as the effects of the recession deepens, but she remained confident that Canada's second-largest bank would not cut its dividend.For all of 2008 the big Canadian bank had provisions for credit losses at just under C$1.1 billion ($827.1 million), which represented