TD Securities Cuts 10 Jobs in Equities Business in Toronto

Toronto-Dominion Bank (TD)’s TD Securities unit cut 10 jobs in its equities business in Toronto, reflecting a slowdown in stock trading.

“As a result of current market conditions and to achieve synergies across functions, TD Securities made the difficult but necessary decision to realign businesses within the equities team,” Laurrell Mohammed, a spokesman for the Toronto-based firm, said in a e-mail today. “The majority of those roles are non-management.”

The cuts at Canada’s second-largest bank were earlier reported in the Globe and Mail newspaper.

To contact the reporter on this story: Doug Alexander in Toronto at

To contact the editors responsible for this story: David Scheer at; David Scanlan at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.