Market Values Make TD Grows as Canada’s Biggest Company

The TD or Toronto – Dominion Bank, is declared as the biggest company in Canada based on its market value. The newest fact about the Toronto – Dominion Bank that has grown and the biggest company is shocking because it surpasses its closest competitor, the Royal Bank of Canada.  The mention of the Toronto – Dominion Bank as the biggest company was on Wednesday.  It is marked that the Toronto – Dominion Bank scored as much as $65 billion market capitalization value. The Royal bank of Canada is on the second position with $64.9 billion market capitalization.
The achievement by the Toronto – Dominion Bank as the biggest company in Canada is a surprised because the economists barely realize that the Toronto – Dominion Bank is run after the Royal Bank of Canada just few months before the announcement. The previous record of Toronto – Dominion Bank as the largest company in Canada was in fall of 2009. At that time the market capitalization of Toronto – Dominion Bank was also higher than the RBC.

The market capitalization is the value of the company in total. It is measured in dollar and the analysts predict that the condition will remain stable during the market turbulence in Europe. However, the Royal bank of Canada has the largest assets. With $726 billion under management while the Toronto – Dominion Bank only has $620 billion.