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Market Closed -
Other stock markets
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5-day change | 1st Jan Change | ||
| 79.82 CAD | +1.97% |
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+4.78% | -6.77% |
| 07-16 | Toronto Stocks On Track for Record-High Close After Inflation Eases | DJ |
| 07-12 | TD Hires Regulatory Experts For Its Anti-money Laundering Team Amid Probes of Controls | MT |
(Reuters) - Toronto-Dominion Bank, Canada's No. 2 bank, on Tuesday said it bought Layer 6 Inc, an artificial intelligence (AI) company for an undisclosed sum.
The bank added that Toronto-based Layer 6's acquisition is not expected to impact its common equity tier 1 capital ratio, which was at 10.7 percent at the end of the fourth quarter.
Banks have been employing AI to help with customer interactions, assess the creditworthiness of customers and spot profitable trades across markets, among others.
(Reporting by Ahmed Farhatha in Bengaluru; Editing by Martina D'Couto)
| 1st Jan change | Capi. | |
|---|---|---|
| -6.77% | 100B | |
| +25.58% | 598B | |
| +31.07% | 328B | |
| +14.40% | 280B | |
| +22.39% | 196B | |
| +17.63% | 183B | |
| +16.78% | 179B | |
| +4.48% | 157B | |
| +12.76% | 157B | |
| +18.46% | 150B |
THE TORONTO-DOMINION BANK 
