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TD BANK FINANCIAL GROUP ANNUAL REPORT 2006 Management’s Discussion and Analysis
50
(millions of Canadian dollars, Percentage of total
except percentage amounts) 2006 2005 2004 2006 2005 2004
Canada
Residential mortgages $(3) $12 $ 3 (.7) 11.2% .9%
Consumer instalment and other personal 379 307 311 83.0 287.0 90.9
Total residential and personal 376 319 314 82.3 298.2 91.8
Real estate development
Commercial and industrial (7) 1 – (1.5) .9–
Residential 1– – .2 – –
Total real estate (6) 1 – (1.3) .9–
Agriculture (1) 3 (5) (.2) 2.8 (1.5)
Apparel and textile 3–1.7 –.3
Automotive 4– 7 .9 –2.0
Chemical (9) 3(2) (2.0) 2.8 (.6)
Construction 12 3 .2 1.9 .9
Financial 1––.2 ––
Food, beverage and tobacco 112.2 .9 .6
Forestry 28 ––6.1 ––
Health and social services 11 1 .2 .9.3
Media and entertainment 1– 2 .2 –.6
Metals and mining 1– 3 .2 –.9
Oil and gas –– 3 ––.9
Retail 212.4 .9 .6
Sundry manufacturing 12 3 .2 1.9 .9
Telecommunications –(4) 7–(3.7) 2.0
Transportation –1 (1) –.9 (.3)
Utilities ––––––
All other loans 72 (1) 1.6 1.9 (.3)
Total business and government 35 13 25 7.6 12.1 7.3
Total Canada 411 332 339 89.9 310.3 99.1
United States
Consumer instalment and other personal 34 12 17.5 11.2 .3
Total residential and personal 34 1217.5 11.2 .3
Real estate development
Commercial and industrial 31–.7 .9 –
Residential 2– – .4 – –
Real estate services 4––.9 ––
Total real estate 91–2.0 .9 –
Cable –– (30) –– (8.8)
Chemical –– 7 ––2.0
Construction 1(1) – .2 (.9) –
Food, beverage and tobacco –1 – –.9 –
Health and social services –– – –– –
Media and entertainment 1– – .2 – –
Metals and mining –2 (2) –1.9 (.6)
Retail –1––.9 –
Sundry manufacturing 41 – .9 .9 –
Telecommunications –(14) (20) –(13.1) (5.8)
Transportation 1––.2 ––
Utilities –(202) 78 –(188.7) 22.8
All other loans 1(6) 5 .2 (5.6) 1.5
Total business and government 17 (217) 38 3.7 (202.8) 11.1
Total United States 51 (205) 39 11.2 (191.6) 11.4
Other International
Automotive ––(4) ––(1.2)
Cable –(9) 2–(8.4) .6
Financial –(11) (11) –(10.3) (3.2)
Media and entertainment (4) – – (.9) – –
Retail (1) ––(.2) ––
Telecommunications ––2––.6
Utilities –– (25) –– (7.3)
Total business and government (5) (20) (36) (1.1) (18.7) (10.5)
Total Other International (5) (20) (36) (1.1) (18.7) (10.5)
Total before general and sectoral provisions 457 107 342 100.0% 100.0% 100.0%
General provision (reversal) (48) (52) (67)
Sectoral provision (reversal) (including transfer to specifics) –– (661)
Total $409 $ 55 $(386)
1Based on geographic location of unit responsible for recording revenue.
PROVISION FOR CREDIT LOSSES BY INDUSTRY SECTOR1
TABLE 30