Archive · 30 Sep 2025

TD's US Investment Banking Expansion Raises Canadian Concerns

TD's US Investment Banking Expansion Raises Canadian Concerns

TD Bank, a Canadian bank, bought an American investment bank called Cowen.

Now, TD is really focusing on growing its business in the US.

This has made some Canadian employees worry that their part of the bank is being left behind.

They are concerned that resources and attention are now going to the US, and that the Canadian business might suffer.

Some also think that the Canadian managers are getting paid less than their US counterparts.

However, TD says that it is dedicated to opportunities in both the US and Canada.

Sources