Latest news with #TDBank
CTV News
16 hours ago
- CTV News
Guelph Police investigating armed robbery at a south-end bank
A TD Bank is closed following and early morning robbery in Guelph, June 7, 2025 (Hannah Schmidt). Guelph police are investigating after a south-end bank was robbed early Saturday. Officers were called to the TD Bank near Gordon Street and Clair Road at approximately 8:40 a.m. Police say a lone male suspect entered the building with a handgun and fled with an undisclosed amount of cash. A handgun was recovered at the scene. TD Bank robbery in Guelph June 7 2025 No physical injuries were reported. A note posted on the front doors of the bank stated that, 'Due to an emergency situation, this location is temporarily closed,' and directed clients to the nearest branch located at 496 Edinburgh Road South. TD Bank robbery in Guelph June 7 2025 A TD Bank is closed following and early morning robbery in Guelph, June 7, 2025 (Hannah Schmidt). In an email to CTV News, Natasha Ferrari, a spokesperson for TD Bank, said TD was supporting law enforcement through their investigation. 'At this time, TD Branch #2506 is temporarily closed. We will reopen it as soon as possible. Customers can continue to access EasyLine, EasyWeb, the TD Mobile App or other branches for in-person or virtual appointments for all of their banking needs,' Ferrari said in part. The robbery suspect was described as a Black male, believed to be in his mid-to-late-20s, approximately six feet tall. At the time of the incident, he was wearing a white or grey sweater, black pants, a pink silk mask and a black hat. Anyone with information or dashcam footage from the area between 8 and 9 a.m. has been asked to contact the Guelph Police Service's Major Case Unit at mcu@
Yahoo
2 days ago
- Business
- Yahoo
Is TD Bank Stock a Good Buy in June 2025?
Written by Adam Othman at The Motley Fool Canada Canadian bank stocks have been off to an impressive start despite all the fears that trade tension-induced panic due to tariffs might bring the Canadian economy into recession. Right now, there's a pause on tariffs, and the recession feared to be inevitable has yet to come around. As we move closer to the halfway mark of 2025, the S&P/TSX Composite Index only seems to be climbing to new all-time highs. Positive movement in the Canadian benchmark index reflects a broader picture of the Canadian stock market and, in turn, the economic situation. With the index reaching newer heights, it seems that the so-called top Canadian bank stocks have become quite the leaders, driving the market upward. In light of this development, we will take a closer look at one of the biggest bank stocks to determine whether it might be a good investment at current levels. Toronto-Dominion Bank (TSX:TD) has been quite a comeback story over the last few years. The reason I want to focus on TD Bank stock is its remarkable performance despite all the trouble it faced with American regulators. The $164 billion market-cap stock faced regulatory action in the US due to the bank's money-laundering fiasco last year. The restrictions and penalties imposed on it had a negative impact on the bank's performance in the stock market, but it is making remediations. The financial institution has new managers aboard, and it has revisited its growth plan. These factors are major contributors to the stock's performance in the last few weeks. The bank has paid all the fines it was supposed to, and it will settle with the asset cap on US-based assets. The bank is also selling off some of its non-core assets to improve its liquidity position. Greater liquidity can mean more spending money for the bank to make big moves. However, it remains to be seen what the new CEO of the bank will consider doing with the newly refreshed war chest. The bank is playing the long game in the US market, but its US-market-based growth will face significant restrictions for a few years to come. TD Bank's operations in the US market might be slower now, but that doesn't mean there is no growth potential in the domestic side of things. The extra money that the bank amasses from the sale of non-core assets can be valuable for any planned acquisitions or other growth-focused decisions the bank makes. As of this writing, TD Bank stock trades for $95.22 per share and distributes $1.05 per dividend per share each quarter to its investors, translating to an annualized 4.4% dividend yield. Suppose you're looking for a reliable dividend stock that is fundamentally strong and supports regular dividends. In that case, TD Bank might be an excellent pick to consider for your self-directed investment portfolio. The post Is TD Bank Stock a Good Buy in June 2025? appeared first on The Motley Fool Canada. Before you buy stock in TD Bank, consider this: The Motley Fool Stock Advisor Canada analyst team just identified what they believe are the Top Stocks for 2025 and Beyond for investors to buy now… and TD Bank wasn't one of them. The Top Stocks that made the cut could potentially produce monster returns in the coming years. Consider MercadoLibre, which we first recommended on January 8, 2014 ... if you invested $1,000 in the 'eBay of Latin America' at the time of our recommendation, you'd have $21,345.77!* Stock Advisor Canada provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month – one from Canada and one from the U.S. The Stock Advisor Canada service has outperformed the return of S&P/TSX Composite Index by 24 percentage points since 2013*. See the Top Stocks * Returns as of 4/21/25 More reading Made in Canada: 5 Homegrown Stocks Ready for the 'Buy Local' Revolution [PREMIUM PICKS] Market Volatility Toolkit Best Canadian Stocks to Buy in 2025 Beginner Investors: 4 Top Canadian Stocks to Buy for 2025 5 Years From Now, You'll Probably Wish You Grabbed These Stocks Subscribe to Motley Fool Canada on YouTube Fool contributor Adam Othman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 2025 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Jim Cramer on First Horizon Corporation (FHN): 'I Like First Horizon Very, Very Much'
We recently published a list of . In this article, we are going to take a look at where First Horizon Corporation (NYSE:FHN) stands against other stocks that Jim Cramer discussed recently. A caller asked about First Horizon Corporation (NYSE:FHN) and noted that its merger with TD Bank was terminated in 2023. Cramer replied: 'I like First Horizon very, very much. I like it very much. I think it should be bought. It's a terrific situation, and I'm still thinking that what the heck happened to that deal? Because man, whoever buys that franchise is going to do incredibly well. That is a nice growth franchise.' First Horizon (NYSE:FHN) provides a broad range of financial services, including commercial, consumer, and wealth management banking, alongside specialized lending and treasury solutions. The company also offers corporate banking, transaction processing, credit products, and investment services. An experienced banker offering financial advice to a young couple. On May 20, Jefferies initiated coverage of First Horizon (NYSE:FHN) with a Buy rating and set a price target of $25. The firm began covering 32 regional and mid-cap banks, describing the outlook as positive. According to the firm, despite uncertainty around tariffs, factors like a potential recovery in loan growth if the U.S. avoids recession, wider net interest margins due to a steeper yield curve, strong credit metrics, surplus capital for strategic moves, and appealing valuations could benefit banks. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
2 days ago
- Entertainment
- Cision Canada
Downtown Yonge BIA Unveils 2025 Summer Destination Lineup Make Downtown Yonge Your Ultimate Summer Destination!
TORONTO, June 6, 2025 /CNW/ - The heart of Toronto is heating up with Downtown Yonge BIA's Summer Destination 2025, a signature series of free events and activations guaranteed to transform the city core into this season's must-visit hotspot. From lively outdoor concerts to curated flea markets, late-night movie screenings, and fun fitness sessions, the Downtown Yonge neighbourhood is set to offer something for everyone—families, friends, and young adults alike. "This isn't just summer in the city—it's a celebration of community, creativity, and connection," says Cheryll Diego, Public Realm Director of Downtown Yonge BIA. "We're inviting locals and visitors alike to rediscover Downtown Yonge through art, music, movement, and play." 2025 Summer Destination Signature Events: 🎶 Play The Parks, Presented by TD Bank Running from June to September Enjoy free weekly live concerts across key downtown green spaces including 777 Bay Plaza, College Park, McGill Parkette, and Trinity Square Park. For more info, visit 🌙 College Park: After Hours First Wednesdays (June to September). Spend your evening at College Park with a perfect mix of community vibes and practical perks. Starting at 3PM, browse a lively maker's market, enjoy live music at 5PM, and unwind with an outdoor movie at 7PM —all part of College Park: After Hours. While you're there, bring your bike for a free Bike Clinic, offering expert tune-ups, quick repairs, and maintenance tips from on-site mechanics. For more info, visit 🛼 Skates & Sounds: Roller Drag Ball, in partnership with Wednesday, June 18 (5–10PM) Celebrate Pride with a high-energy roller rink experience, featuring drag performers on wheels, DJs, and a pop-up market. For more info, visit 🌿 Take A Break: Trinity Square Park, with support from IKEA Toronto Downtown June–July | Monday to Friday (8AM–5PM) Recharge with free daily activities at Trinity Square Park—a hidden gem tucked behind CF Toronto Eaton Centre. 🛍️ Flea Market, in partnership with The Toronto Flea Market Saturday, July 12 (12–6PM) A vintage lover's dream! Explore handcrafted goods, one-of-a-kind finds, and local artisan wares. 💪 Motivation Mondays, in partnership with YMCA Greater Toronto August to September (6–7PM) Free outdoor fitness sessions at College Park every Monday. (Excludes holidays.) 🎷 Music Walking Tour of Yonge Street, in partnership with The Mackenzie House Tour Dates: Tuesday, July 22 (3 – 4:30PM) Wednesday, August 6 (4 – 5:30PM) Tuesday, September 2 (4 – 5:30PM) Step into the rhythm of the city with a free guided walking tour that traces the rich musical history of Yonge Street—Toronto's original music corridor. For more info, visit 📍 All events are free and family-friendly. Beyond our Summer Destination signature events, there's always something happening in the heart of the city—from live performances at Sankofa Square to community festivals at Nathan Phillips Square and more. Come for one event, and you'll find yourself immersed in a summer of unexpected discoveries and vibrant downtown energy. To explore the full calendar of events, visit: or follow along @downtownyonge on Instagram, Facebook, and X (formerly Twitter) About Downtown Yonge BIA Established in 2001 along Toronto's iconic Yonge St., the Downtown Yonge Business Improvement Area (DYBIA) is a non-profit organization committed to strengthening the culture and economy of our world-leading downtown neighbourhood through programs, partnerships, advocacy and outreach. A champion for the mixed-use community of 2,000+ businesses and property owners in the heart of downtown Toronto, DYBIA is responsive, inclusive and collaborative, reaching beyond its boundaries to create innovative programs that help drive consistent growth in the community. Representing more than $7 billion in commercial real estate, this vibrant downtown district is home to exceptional retail such as CF Toronto Eaton Centre, entertainment mainstays including the Ed Mirvish Theatre, the Elgin and Winter Garden Theatres and Massey Hall, and a bustling post-secondary community at Toronto Metropolitan University and Toronto Film School, as well as over 100,000 residents within a 10-minute walk. All of which contribute to some of the highest pedestrian flows in Canada with over 60 million pedestrians annually.
CTV News
3 days ago
- Business
- CTV News
Many homeowners plan to rein in spending as mortgage payments rise upon renewal: TD
Townhouses under construction are seen in Delta, B.C., on Monday, Aug. 12, 2024. THE CANADIAN PRESS/Darryl Dyck TORONTO — Nearly half of homeowners facing a mortgage renewal in the next year expect their monthly payments to go up -- with many anticipating having to adjust their budget to keep up with the higher cost, a survey published on Thursday shows. A TD Bank Group survey, conducted between April 10 and 18, said 45 per cent of homeowners facing a mortgage renewal are expecting their monthly payments to rise. The Bank of Canada held its overnight rate steady at 2.75 per cent on Wednesday -- roughly half of what it was last year. But even as the central bank has reduced its key rate over the past year, borrowing costs are still higher compared to pre-2022 levels. Affordability remains a concern for many homeowners. At least 57 per cent of survey respondents said they expect the renewal to impact their living situation and 73 per cent of those said they'll need to cut back on spending. A Royal LePage report published in February estimated 1.2 million mortgages are up for renewal this year. Nearly a quarter of the 890 homeowners surveyed said they will be adjusting their overall financial approach. The survey found 43 per cent of those will be putting renovations on pause, while 29 per cent plan on either downsizing or moving to a more affordable home. Fifteen per cent say they will consider having a roommate to share costs while 15 per cent say they will need to move to a different neighbourhood. Patrick Smith, TD's vice-president of product management, said 75 per cent of homeowners are leaning toward a fixed-rate mortgage upon renewal instead of a variable rate. The housing market has seen a lull over the last few months amid economic uncertainty brought on by the global trade war. But lower home prices in certain markets could be an opportunity for some Canadians looking to buy -- and they're preparing for it. The TD report suggested potential homebuyers are making concessions to make the leap into home ownership, with more than half of 881 Canadians surveyed in a different poll saying they're reducing non-essential expenses. The report also found 31 per cent of homebuyers are looking at cashing in their current investments such as tax-free savings accounts, registered retirement savings and first-time home savings accounts. This report by The Canadian Press was first published June 5, 2025.
