TD Bank Group says it will commit $150 billion over the next five years to new lending, underwriting, advisory and other financing activities aimed at accelerating investment across key sectors of the Canadian economy.
The bank said Monday the commitment will focus on energy, critical minerals and resources, defence and aerospace, digital and artificial intelligence, and infrastructure, while also supporting small and mid-sized businesses, Indigenous economic participation, sustainable growth and workforce development.
The commitment follows a TD Economics report that estimates $1 trillion in new investments across more than 300 projects are already approved or under consideration through 2035 in the five priority sectors. The report says the potential investment cycle could reach $1.7 trillion with strong policy action.
"Canada is entering a defining period of investment and industrial growth that will shape the country's economy for decades to come," said Raymond Chun, group president and CEO of TD Bank Group. "TD will connect investors with opportunity, help businesses scale and strengthen the sectors critical to Canada's next era of growth. We are mobilizing our resources and capabilities to help clients and communities realize the full potential of the economic supercycle."
Focus on five sectors
TD said its $150-billion commitment is intended to support investment and business activity in five sectors identified in the TD Economics report. The energy focus includes clean and conventional energy, electricity grids and energy infrastructure, storage and related services.
In critical minerals and resources, the bank plans to support exploration and extraction, processing and refining, as well as related equipment and services. Its defence and aerospace focus includes naval and aerospace supply chains, cyber-defence capabilities and dual-use technologies with defence applications.
The digital and AI component will cover AI innovation and commercialization, cloud infrastructure, secure digital networks and new frontier technologies. Infrastructure priorities include ports and trade corridors, railways and high-speed rail, roads, bridges and related infrastructure services.
TD said it will continue investing in specialized talent, expertise and capabilities in the five sectors. The bank plans to bring together expertise from across its operations to identify opportunities and advise clients, with financing activities intended to directly support businesses and initiatives involved in the investment cycle.
The bank also said it will publicly update its progress on the commitment.
Broader economic participation
Alongside the sector-specific financing, TD said it will increase its focus on economic participation as part of its longer-term growth strategy. That includes programs supporting entrepreneurs and small and mid-sized businesses at different stages of development, including businesses in underserved communities and markets.
TD also plans to use the expertise of its Indigenous Banking Group and other capabilities to support Indigenous Peoples, organizations and communities pursuing economic development opportunities, growing businesses, building community prosperity and participating in major projects.
The bank said it will support client-led investments and innovation in areas intended to contribute to a more sustainable economy. It also plans to invest in programs and partnerships focused on workforce skills, mobility, AI literacy, digital capabilities and entrepreneurship.
TD said the five-year commitment will draw on resources and expertise from across the bank as it seeks to identify investment opportunities and support clients in sectors it considers important to Canada's economic future.
The Toronto-Dominion Bank, the parent company of TD Bank Group, had $2.1 trillion in assets as of July 31, 2026. The bank said it serves 28.2 million clients through four main businesses in Canada, the United States and other financial centres.