Canadian Personal & Commercial PerformanceCanadian Personal & Commercial results were below expectations due to slightly lower volume growth and net interest margin.
EarningsThe sale of TD's stake in Schwab has resulted in a significant decrease in earnings contribution to TD's second quarter, with a decline of approximately 68% from the previous quarter.
Operating LeverageDespite a 9% increase in revenue, expenses grew by 12%, leading to negative operating leverage of -3.0%.