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Toronto-Dominion Bank is increasingly relying on its Canadian operations to drive future growth as it works through significant regulatory and financial setbacks in the United States. After pleading guilty in 2024 to conspiracy to commit money laundering and facing substantial penalties, including a US$3-billion fine and restrictions on its U.S. retail expansion, TD has shifted its strategic focus back to its home market. The bank’s leadership is concentrating on strengthening three core Canadian segments: personal banking, business banking, and wealth management. In personal banking, TD is leveraging its strong deposit base and large mobile customer network to deepen client relationships and increase product uptake, including credit cards, mortgages, and savings products. The bank is also using digital tools and artificial intelligence to streamline mortgage approvals and improve customer service speed. Despite a sluggish housing market and rising consumer debt pressures, TD reports growth in real estate-secured lending and record levels of preapproved product adoption. In business banking, TD is expanding its workforce and using AI to accelerate credit decisions for small and medium-sized enterprises, which remain a key focus despite broader economic uncertainty. Meanwhile, in wealth management, TD is aiming to significantly increase client referrals from its existing retail base, targeting tens of billions in potential assets as it tries to capture more value from its own customer network. The strategy unfolds in a highly competitive Canadian banking sector, where fintech challengers and regulatory reforms are intensifying pressure on the country’s major banks. Nevertheless, TD maintains that its scale, deposit strength, and digital investments position it well to defend and grow its market share despite ongoing economic and regulatory challenges.