Aimia Soars as TD Signs Aeroplan Card Agreement: Montreal Mover
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Aimia Inc. gained the most in almost four years after Toronto-Dominion Bank agreed to replace Canadian Imperial Bank of Commerce as the main credit-card partner for the company’s Aeroplan loyalty program.
Aimia climbed 11 percent to close at C$15.40 in Toronto, the biggest jump since July 2009. Under a conditional agreement, Toronto-Dominion would become the primary card issuer for Montreal-based Aimia’s Aeroplan program starting Jan. 1, according to statements today from the companies.