TD Bank Group is reporting strong growth in its retail business in Canada and the US, where it has the largest presence of any Canadian bank. Retail business at home saw its profit grow seven per cent compared with a year ago, while its U.S. retail business profit grew 27 per cent. TD earned nearly $3.11 billion in its latest quarter, up from $2.77 billion in the same quarter last year because of the US business. On an adjusted basis, TD says it earned $1.66 per diluted share, up from an adjusted profit of $1.51 per diluted share a year ago.
