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TD Bank Group reports Q3 loss as it takes charge on anti-money laundering probe

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TORONTO – TD Bank Group reported a loss of $181 million in its latest quarter as it was hit by a charge related to ongoing U.S. investigations into its anti-money laundering program.

The big bank says its loss amounted to 14 cents per diluted share for the quarter ended July 31. The result compared with a profit of $2.88 billion or $1.53 per diluted share a year ago.

The third-quarter results included a $3.57-billion provision related to the investigations into the bank’s anti-money laundering program in the U.S.

On an adjusted basis, TD says it earned $2.05 per diluted share in its latest quarter compared with an adjusted profit of $1.95 per diluted share in the same quarter last year.

Revenue in the quarter totalled $14.18 billion, up from $12.91 billion a year ago.

The bank’s provision for credit losses amounted to $1.07 billion, up from $766 million in the same quarter last year.

This report by The Canadian Press was first published Aug. 22, 2024.

Companies in this story: (TSX:TD)

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Sixth-ranked Canadian women to face World Cup champion Spain in October friendly

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The sixth-ranked Canadian women will face World Cup champion Spain in an international friendly next month.

Third-ranked Spain will host Canada on Oct. 25 at Estadio Francisco de la Hera in Almendralejo.

The game will be the first for the Canadian women since the Paris Olympics, where they lost to Germany in a quarterfinal penalty shootout after coach Bev Priestman was sent home and later suspended for a year by FIFA over her part in Canada’s drone-spying scandal.

In announcing the Spain friendly, Canada Soccer said more information on the interim women’s coaching staff for the October window will come later. Assistant coach Andy Spence took charge of the team in Priestman’s absence at the Olympics.

Spain finished fourth in Paris, beaten 1-0 by Germany in the bronze-medal match.

Canada is winless in three previous meetings (0-2-1) with Spain, most recently losing 1-0 at the Arnold Clark Cup in England in February 2022.

The teams played to a scoreless draw in May 2019 in Logroñés, Spain in a warm-up for the 2019 World Cup. Spain won 1-0 in March 2019 at the Algarve Cup in São João da Venda, Portugal.

Spain is a powerhouse in the women’s game these days.

It won the FIFA U-20 World Cup in 2022 and was runner-up in 2018. And it ousted Canada 2-1 in the round of 16 of the current U-20 tournament earlier this month in Colombia before falling 1-0 to Japan after extra time in the quarterfinal.

Spain won the FIFA U-17 World Cup in 2018 and 2022 and has finished on the podium on three other occasions.

FC Barcelona’s Aitana Bonmati (2023) and Alexia Putellas (2021 and ’22) have combined to win the last three Women’s Ballon d’Or awards.

And Barcelona has won three of the last four UEFA Women’s Champions League titles.

“We continue to strive to diversify our opponent pool while maintaining a high level of competition.” Daniel Michelucci, Canada Soccer’s director of national team operations, said in a statement. “We anticipate a thrilling encounter, showcasing two of the world’s top-ranked teams.”

This report by The Canadian Press was first published Sept. 17, 2024

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Former Oilers assistant GM Brad Holland follows his father out the door in Edmonton

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EDMONTON – The NHL’s Edmonton Oilers announced Tuesday that assistant general manager Brad Holland is leaving the club.

The move comes almost three months after the departure of former Oilers general manager Ken Holland, Brad’s father.

Oilers chief executive officer and president of hockey operations Jeff Jackson said in a statement that Brad Holland and the team parted ways so Holland could “explore other opportunities.”

Holland, 43, joined the Oilers as a scout in 2019. He was promoted to assistant GM in July 2022.

He had a hand in building the team that advanced to Game 7 of the 2023-24 Stanley Cup final before losing to the Florida Panthers.

The Oilers hired former Chicago Blackhawks GM Stan Bowman to replace Ken Holland on July 1.

This report by The Canadian Press was first published Sept. 17, 2024.

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Dolphins place Tua Tagovailoa on injured reserve after latest concussion, AP source says

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MIAMI GARDENS, Fla. (AP) — The Miami Dolphins are placing Tua Tagovailoa on injured reserve after the quarterback was diagnosed with his third concussion in two years, a person familiar with the move told The Associated Press on Tuesday.

The person spoke on condition of anonymity because the team had not yet announced the move. Tagovailoa will be sidelined for at least four games with the designation.

He was hurt in the third quarter of a Thursday night game against the Buffalo Bills on a play where he collided with Bills defensive back Damar Hamlin. He ran for a first down and then initiated the contact by lowering his shoulder into Hamlin instead of sliding.

Players from both teams immediately motioned that Tagovailoa was hurt, and as he lay on the turf the quarterback exhibited some signs typically associated with a traumatic brain injury. He remained down on the field for a couple of minutes, got to his feet and walked to the sideline.

Tagovailoa this week began the process of consulting neurologists about his health. He was diagnosed with two concussions in 2022 and one while in college at Alabama.

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