March 10, 2017 / 5:31 PM / 8 months ago

TD shares down after CBC news report

TORONTO (Reuters) - Shares in Toronto-Dominion Bank (TD.TO) on Friday had their biggest one day decline since December 2014 after CBC News reported that employees of the bank were being pressured to meet high sales revenue goals, traders said.

Toronto-Dominion Bank (TD) logos are seen outside of a branch in Ottawa, Ontario, Canada, May 26, 2016. REUTERS/Chris Wattie

In an emailed response to Reuters regarding the CBC story, Toronto-Dominion Bank said, “The environment described in the media report is very much at odds with how we run our business, and we don’t recognize it from our own perspective, experience or assessments.”

Shares in TD fell as much as 5 percent to C$66.39.

Reporting by Matt Scuffham

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