As vaccination efforts expand in Canada and talk of reopening is swirling in many provinces hit hardest by the virus, executives from the country s most prominent banks faced questions from analysts Thursday about what they d do with all the cash they are sitting on.
TD Bank Group chief executive Bharat Masrani indicated that acquisitions might be a possibility for his bank. We will not be shy to do a bank deal. It could be in the southeast of the U.S. or any part of our footprint, he told analysts during a Thursday afternoon call. We have said that we would look for asset-generating types of businesses as well.and so we continue to monitor the situation.
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