Toronto\u002DDominion Bank has dethroned Royal Bank of Canada as the country\u0027s top brand, a report says. Read on for the top brand rankings.
TD’s brand value — up 27 per cent to $27.5 billion — was driven by a positive re-evaluation of its revenues and forecasts. The bank previously held the title in 2013, 2020 and 2021. RBC slipped to second spot as its brand value decreased by 15 per cent to $19.9 billion due to a dampened outlook and forecasted revenues.
The brand value gap between TD and its competitors could widen further in the coming years, the report said, as “every move TD makes matters.”This advertisement has not loaded yet, but your article continues below.“Increased interconnectedness between Canadian and American banking sectors will tie the fate of the Canadian economy and banking closer to that of its American neighbours’,” the report said.
The third most valuable Canadian brand was Bank of Nova Scotia, followed by Canada Life Assurance Co., Bank of Montreal, Circle K , Brookfield Corp., Canadian Imperial Bank of Commerce, Bell and Telus Corp. But Agnico Eagle Mines Ltd. is the fastest-growing Canadian brand as its value increased 115 per cent to $738.8 million.
Increases in brand value are visible across the board at Canadian mining companies and could continue in the next few years. Continued supply chain disruptions have contributed to this rise by commanding higher prices for gold and other minerals.
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Posthaste: TD beats out Royal Bank to become Canada's most valuable brandToronto\u002DDominion Bank has dethroned Royal Bank of Canada as the country\u0027s top brand, a report says. Read on for the top brand rankings.
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Posthaste: TD beats out Royal Bank to become Canada's most valuable brandToronto\u002DDominion Bank has dethroned Royal Bank of Canada as the country\u0027s top brand, a report says. Read on for the top brand rankings.
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Posthaste: Here's why TD Bank thinks Tiff Macklem should keep an eye on 'supercore' inflationTD Bank said there are things getting in the way of two per cent inflation for the Bank of Canada, among them \u0022supercore\u0022 inflation. Read on
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Posthaste: Here's why TD Bank thinks Tiff Macklem should keep an eye on 'supercore' inflationTD Bank said there are things getting in the way of two per cent inflation for the Bank of Canada, among them \u0022supercore\u0022 inflation. Read on
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Posthaste: Here's why TD Bank thinks Tiff Macklem should keep an eye on 'supercore' inflationTD Bank said there are things getting in the way of two per cent inflation for the Bank of Canada, among them \u0022supercore\u0022 inflation. Read on
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Posthaste: Here's why TD Bank thinks Tiff Macklem should keep an eye on 'supercore' inflationTD Bank said there are things getting in the way of two per cent inflation for the Bank of Canada, among them \u0022supercore\u0022 inflation. Read on
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