Personal loan book still most vulnerable

(Source: Reuters)

Toronto Dominion Bank (TD.TO) said on Monday the outlook for its Canadian loan portfolio was unchanged from August, with personal lending the most vulnerable to credit problems and bad commercial loans expected to rise.

At an investor conference about its Canadian personal and commercial operations, Canada’s No. 2 bank said prospects for loan repayment from both its personal and business clients had not changed much in the last two months as the economy slowly climbed out of recession.

Read Andrea Hopkins’ full article “TD Bank says Canada credit outlook unchanged” in Reuters (October 19, 2009).

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