FINWIRES · TerminalLIVE
FINWIRES

TD Bank Outlines CA$150 Billion Commitment to Boost Canadian Economy

By

The Toronto-Dominion Bank (TD.TO) plans to allot CA$150 billion over the next five years to drive new lending, underwriting, advisory and other financing activities linked to boosting Canada's economy.

The bank said Monday its commitment will be focused on energy, critical minerals, defense and aerospace, artificial intelligence, and infrastructure.

"TD will connect investors with opportunity, help businesses scale and strengthen the sectors critical to Canada's next era of growth," Chief Executive Officer Raymond Chun said.

The commitment comes as Prime Minister Mark Carney launches a two-day summit with major investors to raise CA$1 trillion in investment over the next five years, with a focus on infrastructure, energy, critical minerals and nation-building projects.

The bank said it will identify opportunities, advise clients, and accelerate investment in sectors that are deemed critical to the Canadian economy amid the tariff battle with the United States.

"We are mobilizing our resources and capabilities to help clients and communities realize the full potential of the economic supercycle," Chun said.

What else is happening in Mining & Metals?

Mining & Metals

Journey Energy Closes CA$8 Million Acquisition of Interest in Keyera Rimbey Facility

Journey Energy (JOY.TO) on Friday said it closed the acquisition of a private company for CA$8.0 million, subject to customary closing adjustments.The acquired company's primary asset is a 0.98% working interest in the Keyera Rimbey natural gas processing facility and related infrastructure.Journey said the asset generates about CA$0.7 million in annual third-party processing revenue and is also expected to reduce operating costs for processing gas production from its Duvernay Joint Venture.The company expects the acquisition to pay out within two to three years based on forecast revenue and operating cost savings.Journey's shares closed up CA$0.13 to CA$6.13 on the Toronto Stock Exchange on Friday.

$JOY.TO
Mining & Metals

Restaurant Brands International to Renew Share Buyback Program

Restaurant Brands International (QSR.TO, QSR) on Friday said it intends to renew its normal course issuer bid (NCIB).The restaurant franchisor and owner , whose brands include Burger Kind and Tim Hortons, may buy back up to 34.4-million shares for one year beginning Sept. 16.Under its previous NCIB which ends of Sept. 15, Restaurant Brands bought back 2.9-million shares of an allowed 32.3-million.Restaurant Brands shares closed up CA$0.98, to CA$106.75, on the Toronto Stock Exchange.

$QSR$QSR.TO
Mining & Metals

Canagold's New Polaris Project Included in Canada Investment Summit Prospectus

Canagold Resources (CCM.TO) said Friday that its New Polaris Gold-Antimony Project in British Columbia has been included in the Canada Investment Summit Prospectus.The inclusion reflects New Polaris as a project of "strategic importance and investment potential", a statement said. A feasibility study on the project was completed last year, Canagold said.Canagold submitted an environmental assessment application for New Polaris in April. New Polaris has been designated a Priority Project by the BC government.The Canada Investment Summit takes place on Sept. 14 to 15 in Toronto, Ontario. It is being convened by Prime Minister Mark Carney.Canagold shares closed up CA$0.03 at CA$0.70 on the Toronto Stock Exchange.

$CCM.TO