Canada’s benchmark stock index opened lower Monday as all subgroups were down, except for technology.
The TSX energy subgroup took the most points off the index in early morning trading.
Shares for Toronto-Dominion Bank were down 0.69 per cent to $82.61, following the news of its all-cash takeover of Cowen Inc. The acquisition is set to expand TD’s U.S. investment banking services south of the border. “But [TD Bank] have never had an investment bank that was strong there. So I think this helps them with that,” Harris said.
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