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TD Bank’s first-quarter adjusted profit rises as it gets boost from personal, commercial banking business

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TD Bank’s adjusted net income was $4.2-billion, or $2.23 per share, in the three months ended Jan. 31, compared with $3.8-billion, or $2.08 per share, a year earlier

on Thursday posted higher quarterly profit, lifted by strong performance in its Canadian Personal and Commercial Banking business.

Canada’s second-largest lender reported an overall net profit of $1.6-billion, or $0.82 a share, down from $3.7-billion, or $2.02 per share, a year ago.

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So banks with record profits, grocery stores with record profits, telecommunication companies with record profits but regular Canadians defaulting on loans and the highest household debt ever, with no choice but to pay inflation on everything and very high interest rates.

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