TD Courts Foreign Students Amid Canada's Cap on Study Permits [Financial Post (Toronto, Ontario, Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Toronto-Dominion Bank still sees foreign students as an important source of growth even as Prime Minister Justin Trudeau's government has ushered in new caps on study permits in a bid to ease rental-housing demand. Canada's federal government said in January it will cap the number of international student permits at about 360,000 this year, down 35% from 2023, a limit set to stay in place for two years. Article content Article content The change could crimp momentum in personal-banking account growth for Canadian lenders, several of which saw a surge in new customers in fiscal 2023. Toronto-Dominion said in its annual report it added the most new customers since 2017, while rival Canadian Imperial Bank of Commerce said it attracted 650,000 new clients last year, with both banks pointing to immigration as a factor. “Newcomers to Canada, includi
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TD
Earnings
- 2/29/24 - Beat
TD
Sec Filings
- 5/3/24 - Form 424B2
- 5/3/24 - Form 424B2
- 5/3/24 - Form 424B2
- TD's page on the SEC website