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Toronto-Dominion Bank reported return on common equity in 2012 from U.S. banking of 6.4 per cent. In Canadian banking, return on equity was 43 per cent.
Toronto-Dominion Bank reported return on common equity in 2012 from U.S. banking of 6.4 per cent. In Canadian banking, return on equity was 43 per cent.
(MARK BLINCH/REUTERS)

Canadian commercial lending shows signs of cooling

One of the fastest growing books of business for Canadian banks is starting to show signs of slowing.

Commercial lending, the business driven by borrowing from small-to-mid-sized companies, exhibited extremely encouraging growth over the past few years, with annual expansion rates often in the low double digits. Even as personal lending started to cool, commercial borrowing stayed hot.