Canadian Banks Grow Southward

Two large Canadian banks have been advertising on American television lately.Toronto Dominion Bank,known in the U.S. as TD Bank and TD Banknorth,and Royal Bank of Canada,which,despite its name,is not a government institution,are vying for U.S. depositors and investors.Toronto Dominion owns part of the TD Ameritrade brokerage,while Royal Bank of Canada owns the RBC Wealth Management brokerage.Both banks may be invested in through NYSE/Euronext.Royal Bank of Canada's investment banking and corporate banking arm is RBC Capital Markets,and its branches are under the name RBC Bank.