In response to the devastating effects of Hurricane Fiona in Atlantic Canada and Eastern Quebec, TD today announced a donation of $200,000 through the Red Cross to support people as quickly as possible and provide humanitarian assistance for new needs as they arise. TD is also donating $50,000 to support community organizations in the affected areas.
Modestly good news on a contract extension helped to lift shares of retail giant Target (NYSE: TGT) 2.1% through 12:30 p.m. ET on Wednesday. As Target announced, it has secured an extension of its deal to have Canada's Toronto Dominion Bank (NYSE: TD) issue its RedCard credit card and other private label cards for a multiyear period. Target didn't provide a lot of detail on the contract extension in its update, beyond noting that it has partnered with TD on this card for nearly a decade now.
The Toronto-Dominion Bank ("TD") today announced a $10 million investment into the Boreal Wildlands Carbon Project located in Hearst, Northern Ontario. The project is being developed by Nature Conservancy of Canada ("NCC") in support of its crucial efforts to protect nearly 1,500 square kilometers of boreal forest in Northern Ontario – the largest single private conservation project ever undertaken in Canada. Known as the 'lungs' of the planet, Canada's boreal forests hold more than 10 per cent