TD sells 13 retail branches

Article Abstract:

Toronto-Dominion Bank (TD) is selling the retail banking businesses of its six branches and Canada Trust Co.'s seven Southern Ontario networks. Nearly all of the branches are located in the booming region of Kitchener-Waterloo. The deal is worth about $51-million. The transaction is aimed at satisfying Competition Bureau concerns about TD's acquisition of Canada Trust, as part of its $7.8-billion takeover of parent CT Financial Services Inc. In a deal valued at $50-million, Bank of Montreal is acquiring 12 of the bank branches. The remaining branch in Paris, Ont., will be acquired by Laurentian Bank of Canada. The conversion of the 13 branches will begin in July 2000.

Facilities & equipment, Commercial banks, Toronto Dominion Bank

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Dodge hints at slower rate hikes

Article Abstract:

An economic analysis shows dollar value has hiked in Canada. The banking industry is slowing down the interest rate hikes to help the Canadian economy cope up with the impact of dollar's recent rise.

Economic aspects

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Back off on ABM legislation, banks warn MPs

Article Abstract:

The efforts of banks to prevent legislation by the Canadian government on the automated banking machine levies charged from customers of other institutions are described.

Legal issues & crime, Government regulation (cont), Retail Banking Services, Government expenditures, Government regulation, Public affairs, Legal/Government Regulation, Laws, regulations and rules, Retail banking, Political activity, Economic policy, Political aspects, Bankers

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