Canada today is an affluent, high-technology society resembling the United States in its market-oriented economy, living standards and pattens of production. Due do its industrial level and skilled labor force, Canada experiences a solid economic progress.
Among main economic sectors of Canada the service sector is most wide, accounting for two thirds of GPD and employing about three quarters of population.
After the retail sector, the second largest part of the service sector is the business services, including the financial services, real estate, and communications industries. This portion of economy, being concentrated in the major cities like Toronto, has been rapidly developing in recent years.
The big five banks, centered in Toronto, are Canada’s largest and most important firms.
One of them is Toronto Dominion (TD) bank. The holding company for TD is Toronto Dominion Bank Financial Group (TDBFG). TDBFG acquired Canada Trust Companies in Canada, in 1999. With the merger, the Retail Banking Division, named as TD Canada Trust, became the largest bank in Canada.
It is commercial banking and the personal, small business operation of the TD Bank. TD Canada Trust offers a range of financial services and products to more then 10 million Canadian customers through more than 1200 branches all over Canada TD Trust co-Chairs Bernard Dorval (group head, business banking and insurance) and Tim Hockey (group head, personal banking) run currently the company.
TD Canada Trust is as well involved in a joint activity with using so-called Dexit key-tag debit system.
Canada today is an affluent, high-technology society resembling the United States in its market-oriented economy, living standards and pattens of production. Due do its industrial level and skilled labor force, Canada experiences a solid economic progress.