Latest news with #TD
Economic Times
a day ago
- Business
- Economic Times
TD Bank tells employees: Get ready to work four days in office! Following trend among largest Canadian banks
Toronto-Dominion Bank (TD) is the latest major Canadian lender to require more in‑office days, following similar moves from RBC, BMO, and Scotiabank, as per a report. The bank informed its staff that starting from November 3, most TD employees will be expected to work four days a week from corporate headquarters on a more full-time basis, with executives to begin as early as October 6, as reported by The Globe and Mail. In an internal memo shared with staff, TD's Chief Human Resources Officer Melanie Burns emphasized the benefits of in-person work like development opportunities and strengthens the bank's culture, according to the report. Burns said that, 'TD has made strong progress over the last several months and there is clear momentum in our business as we advance an ambitious agenda,' as quoted in the report. Burns also highlighted that, 'We've seen that when we work together in person, we collaborate more effectively, make better decisions more quickly, learn from each other, and deliver stronger outcomes,' as quoted in The Globe and Mail report. ALSO READ: Netflix's The Hunting Wives sets the stage for Season 2! Cast, plot, spoiler, ending explained, and all details you need to know The Toronto-Dominion Bank also revealed that many of its locations will be prepared to accommodate the new work-from-office mandate by November, but it may also need to take some more time to ensure others are ready, according to the report. To have everyone on board, the new requirement may take effect at a later date for certain teams, as per The Globe and Mail new office requirements are already causing a stir in downtown Toronto's corporate towers as employees were reportedly scrambling to secure desks during the hybrid work era, leading to concerns about how even before the November rollout, space is becoming a precious commodity, as per the Toronto-Dominion Bank also justified its new move by highlighting that it recognizes that workplace flexibility allows workers to manage personal and professional priorities, as reported by The Globe and even said in the internal memo that, 'If from time to time you need additional flexibility to work from home, please check with your people manager and we will work with you to support your needs,' as quoted in the report. ALSO READ: Paid too much for 'The Outer Worlds 2'? Microsoft says sorry and starts sending refunds The Toronto-Dominion Bank joins RBC, BMO, and Scotiabank, all of which implemented or plan to implement four-day-office mandates recently, according to The Globe and Mail report. Those three banks will start the four-day rule as early as September 15, as per the report. RBC and Scotiabank are even planning to expand their office space to accommodate the shift, The Globe and Mail reported, citing sources familiar with the big banks, which are some of the county's largest employers, with hundreds of thousands of staff across the six largest lenders, are now spearheading a wider corporate move back to the office, as per The Globe and Mail report. The latest move is a milestone for companies hoping to bring employees back to corporate offices more frequently, as reported by The Globe and trend mirrors the approach of the United States, where US banks like JPMorgan Chase, the country's largest lender, have begun requiring all employees to work five days a week onsite since this year, as per The Globe and Mail will TD bank's new work-from-office rule start?Most employees will be required to work from the office four days a week starting November 3. Executives begin October 6. Will I still have one day to work remotely? Yes, the policy is four days in-office, so you can still work remotely one day a week and get more day if approved by managers.
Time of India
a day ago
- Business
- Time of India
TD Bank tells employees: Get ready to work four days in office! Following trend among largest Canadian banks
TD Bank Joins Canada's Banking Return‑to‑Office Trend Why TD Bank Wants Employees Back in the Office Live Events Desk Wars: Office Space in High Demand in Toronto TD Bank Follows Other Canadian Big Banks's 4-Day WFO Rule Work From Office Trend Even In United States FAQs (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Toronto-Dominion Bank (TD) is the latest major Canadian lender to require more in‑office days, following similar moves from RBC, BMO, and Scotiabank, as per a bank informed its staff that starting from November 3, most TD employees will be expected to work four days a week from corporate headquarters on a more full-time basis, with executives to begin as early as October 6, as reported by The Globe and an internal memo shared with staff, TD's Chief Human Resources Officer Melanie Burns emphasized the benefits of in-person work like development opportunities and strengthens the bank's culture, according to the said that, 'TD has made strong progress over the last several months and there is clear momentum in our business as we advance an ambitious agenda,' as quoted in the report. Burns also highlighted that, 'We've seen that when we work together in person, we collaborate more effectively, make better decisions more quickly, learn from each other, and deliver stronger outcomes,' as quoted in The Globe and Mail READ: Netflix's The Hunting Wives sets the stage for Season 2! Cast, plot, spoiler, ending explained, and all details you need to know The Toronto-Dominion Bank also revealed that many of its locations will be prepared to accommodate the new work-from-office mandate by November, but it may also need to take some more time to ensure others are ready, according to the report. To have everyone on board, the new requirement may take effect at a later date for certain teams, as per The Globe and Mail new office requirements are already causing a stir in downtown Toronto's corporate towers as employees were reportedly scrambling to secure desks during the hybrid work era, leading to concerns about how even before the November rollout, space is becoming a precious commodity, as per the Toronto-Dominion Bank also justified its new move by highlighting that it recognizes that workplace flexibility allows workers to manage personal and professional priorities, as reported by The Globe and even said in the internal memo that, 'If from time to time you need additional flexibility to work from home, please check with your people manager and we will work with you to support your needs,' as quoted in the READ: Paid too much for 'The Outer Worlds 2'? Microsoft says sorry and starts sending refunds The Toronto-Dominion Bank joins RBC, BMO, and Scotiabank, all of which implemented or plan to implement four-day-office mandates recently, according to The Globe and Mail report. Those three banks will start the four-day rule as early as September 15, as per the report. RBC and Scotiabank are even planning to expand their office space to accommodate the shift, The Globe and Mail reported, citing sources familiar with the big banks, which are some of the county's largest employers, with hundreds of thousands of staff across the six largest lenders, are now spearheading a wider corporate move back to the office, as per The Globe and Mail report. The latest move is a milestone for companies hoping to bring employees back to corporate offices more frequently, as reported by The Globe and trend mirrors the approach of the United States, where US banks like JPMorgan Chase, the country's largest lender, have begun requiring all employees to work five days a week onsite since this year, as per The Globe and Mail employees will be required to work from the office four days a week starting November 3. Executives begin October the policy is four days in-office, so you can still work remotely one day a week and get more day if approved by managers.
Winnipeg Free Press
a day ago
- Business
- Winnipeg Free Press
TD Bank joins its peers in moving to require four days in office
TORONTO – TD Bank Group says it is moving to require employees be in the office four days a week, adding to the number of banks doing so. TD says that staff at the associate vice-president level and above will be expected in the office four days a week starting Oct. 6, while non-executive colleagues will largely be required to start coming in more as of Nov. 3. In a memo to employees, TD's chief human resources officer Melanie Burns said the bank has found working in person helps collaboration, decision making, learning and outcomes, as well as aids in career development and company culture. The bank's move follows RBC, BMO and Scotiabank, which are moving to four days in office starting in September, though some banks have noted the policy is contingent on when office space allows it. TD said many of its locations will be ready for the Nov. 3 change, but that others will take more time so some teams might be on a different timeline. Burns says the bank is focused on making sure its workspaces meet staff needs, while suggesting that managers will also have some flexibility to allow occasional extra workdays at home. Monday Mornings The latest local business news and a lookahead to the coming week. This report by The Canadian Press was first published July 23, 2025. Companies in this story: (TSX:TD)
CTV News
2 days ago
- Business
- CTV News
Halifax sees biggest employment spike in a decade: report
Halifax enjoyed its largest employment growth in a decade last year, according to a new report that tracks labour, population, affordability, real estate and education in the Maritime city. The Halifax Index 2025, presented by TD, explores how the city fared in 2024 through eight key factors: people, labour, economy, communities, affordability, well-being, real estate and a scorecard. It also compares Halifax with nine major benchmark Canadian cities: St. John's, Quebec City, Montreal, Ottawa, Toronto, Kitchener-Cambridge-Waterloo, Winnipeg, Calgary and Vancouver. 'A degree of moderation was evident in 2024, as population growth in Halifax slowed, the housing market eased slightly, and inflation declined allowing the Bank of Canada to start lowering interest rates,' the report reads. 'These factors contributed to greater purchasing power for Halifax residents and businesses after three consecutive years of decline. 'This forecast, however, was issued prior to the return of President Donald Trump to office in the United States. His threats and chaotic behaviour have caused confusion and elevated risk in the world economy, with Canada among the nations potentially affected most. The only certainty for 2025 would appear to be continued uncertainty with significant downside risks.' Labour The report says Halifax added 13,900 new jobs in 2024, the biggest increase since 2014. It also recorded a record high total employment of 277,400. Much of the employment growth was led by jobs in public administration (more than 4,500) and health care and social assistance (more than 3,900). Halifax had the second lowest unemployment rate among the benchmark cities, tied with Winnipeg and below Quebec City. Halifax lost jobs in: manufacturing: 1,200 professional, scientific and technical services: 1,300 information, culture and recreation: 1,200 forestry, mining, fishing, quarrying, oil and gas: 300 Population Halifax's population finally reached half a million in July 2024, but its growth rate fell to 2.4 per cent compared to 3.9 per cent in 2023. Its growth rate was the lowest among the benchmark cities. Overall the population grew by fewer than 12,000 people in 2024. 'Population growth was driven entirely by international migration,' the report reads. 'Natural growth, interprovincial migration, and intraprovincial migration figures were all negative. 'In 2024, the federal government introduced a series of tighter immigration measures including a cap on work permits and a new quota for study permits. As a result, Halifax admitted only 26,635 international migrants in 2024, a 4% drop compared to the previous year.' Economy Halifax's 2.6 per cent GDP growth rate was the second highest among the benchmark cities, according to the report. 'While Halifax's economy grew in 2024, GDP per capita did not,' the report reads. 'The pie got bigger, but each of the municipality's residents got a smaller slice. Productivity metrics remain less than encouraging. 'Cargo figures were down in 2024, at both Halifax Stanfield International Airport and the Port of Halifax, but air-passenger numbers continued to climb toward pre-pandemic levels. Cruise vessel and passenger figures, as well as total room nights sold, reached new record highs in 2024.' The report says Halifax saw positive growth in retail sales, but manufacturing sales fell after a three-year upward trend. Affordability Halifax enjoyed a six per cent increase in per capita income in 2024, but its poverty rate is at 13.3 per cent, behind only Toronto among the benchmark cities. The median child-care costs for infants in Halifax is $529 per month, which is in the middle of pack among the benchmark cities. More to come… For more Nova Scotia news, visit our dedicated provincial page
Yahoo
2 days ago
- Business
- Yahoo
Fiserv Stock Tumbles As Outlook Softens Despite Deal With TD
Fiserv, Inc (NYSE:FI) stock tumbled Wednesday after it reported fiscal second-quarter 2025 results. The company reported quarterly revenue growth of 8% year-over-year to $5.52 billion, beating the analyst consensus estimate of $5.20 billion. Growth was 10% in the Merchant Solutions segment and 7% in the Financial Solutions segment. Adjusted revenue increased 8% year-over-year to $5.20 billion. The financial technology and services provider's adjusted EPS of $2.47 beat the analyst consensus estimate of $2.43. The quarterly adjusted EPS increased by 16% over the same period last revenue grew 8%, led by 9% growth in Merchant Solutions and 7% in Financial Solutions. View more earnings on FI The adjusted operating margin increased by 120 bps Y/Y to 39.6%. Adjusted operating margin decreased 200 basis points Y/Y to 34.6% in the Merchant Solutions segment. The margin increased 280 bps Y/Y to 48.7% in the Financial Solutions segment. Acquistion Fiserv expanded its presence in Canada by signing a multi-year Strategic Managed Services agreement with TD Bank Group. The agreement enables TD Merchant Solutions to adopt Fiserv's technology, including the Clover point-of-sale system, for its merchant operations. The deal strengthens Fiserv's Canadian ties and opens new opportunities to scale Clover hardware and software solutions. Fiserv also signed a purchase agreement to acquire part of TD's Canadian merchant processing business, adding about 3,400 merchant relationships and 30,000 locations to its portfolio. These merchants will migrate to Fiserv's processing platform and use Clover, reinforcing the company's commitment to serving small and mid-sized businesses with innovative technology. The companies expect the transaction to close later this year, pending customary approvals. Financial details remain undisclosed. FY25 Outlook Fiserv expects organic revenue growth of approximately 10% (prior 10%-12%) and adjusted EPS outlook of $10.15-$10.30 (prior $10.10-$10.30), representing growth of 15%-17% Y/Y versus the $10.20 analyst consensus estimate. Fiserv stock plunged over 19% year-to-date. S&P 500 Index (where Fiserv is a constituent) gained over 7%. Multiple Wall Street firms slashed their price forecasts on the stock in 2025. Price Action: FI stock is down 21.30% at $130.65 at last check Wednesday. Photo via Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? FISERV (FI): Free Stock Analysis Report This article Fiserv Stock Tumbles As Outlook Softens Despite Deal With TD originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
