Canada’s TSX Slips As Oil Rises And TD Plans A Buyback

TD Bank (TSX: TD) announced a C$10 billion share buyback program, subject to regulatory approval. The bank reported strong Q3 earnings, with adjusted net income up 21% YoY to C$4.7 billion. All business segments showed growth, with wholesale banking net income surging 87%. The bank also increased its dividend and has a U.S. expansion plan.

TD Bank plans to repurchase up to $10 billion in shares by July 2025, following regulatory changes. First Quantum Minerals' share price fell over 30% after a recommendation to restart its Cobre Panama mine for a limited period. Other topics include alternative minimum tax impacts and retirement planning strategies.

Toronto-Dominion Bank announced a new share buyback program of up to C$10 billion. The bank's shares have seen a 5-day change of -0.45% and a year-to-date change of +30.51%. This move may impact investor sentiment and stock price.

TD Bank (TD) plans to initiate a share repurchase program of up to C$10 billion, covering 61 million common shares, with completion expected by July 2027. This follows the bank's recent completion of a C$7 billion buyback program.

TD Synnex reported record Q3 revenue of $21.6B, up 37.7% YoY, exceeding expectations. Hyve segment saw $7B in gross billings, up 117% YoY. Distribution segment grew 27% with strong AI-related demand. Q4 revenue outlook is $21.8B-$22.6B. The company increased dividends by 9% YoY.

TD Synnex CEO Patrick Zammit reported record Q3 2026 revenue of $21.6B, up 37.7% YoY, driven by AI demand and hyperscaler growth. Hyve revenue grew 113%, distribution 27%. Zammit attributed stock dip to temporary working-capital needs, not business weakness, and dismissed AI bubble concerns, citing strong demand.