Lender cuts jobs in cost-cutting drive

Canada’s largest lender by assets has begun cutting jobs in Canada and the US as it begins a cost-cutting initiative.

TD Bank’s layoffs will be across many divisions, including the retail banking division, and may also include mortgage teams.

The Globe and Mail reports that a source claims that hundreds of roles are affected but no further information has been provided. It is understood that those affected have been informed. 
 

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