Toronto Dominion Bank

Visa's Agentic Ready certification program is shifting the focus of agentic commerce from theory to production by standardizing how banks handle agent-initiated transactions. The July 2, 2026 live agentic payment in Germany, executed by Worldline, ING, and Visa, proved that existing payment rails are not the bottleneck, with Paymentology CTO Tim Joslyn estimating 99% of issuer processing systems could technically process an agentic payment. Visa has rolled out Agentic Ready across Europe, Asia Pacific, Latin America, Canada, and CEMEA, with over 85 partners in Asia Pacific and Latin America, major Canadian banks including BMO, CIBC, RBC, Scotiabank, and TD, and more than 30 CEMEA partners such as Emirates NBD, Mashreq, Qatar National Bank, and Discovery Bank. In contrast, Mastercard is pursuing a sandbox approach with its Proto initiative in the UK, while the US market has seen Visa deploy Intelligent Commerce through broad partnerships and live transactions, bypassing formal certification. Despite technical readiness, only 14% of consumers trust AI to execute purchases without verification, and 42% refuse to trust AI for transactions exceeding $25, according to the Product.ai Trust in AI Commerce Report from April 2026. Visa forecasts millions of consumers will use AI agents for purchases by the 2026 holiday season, with success depending on issuer-layer reliability and consumer trust.

TD Bank Group has priced a public offering of SGD 350 million in fixed rate reset callable subordinated notes that qualify as non-viability contingent capital. The notes carry a fixed coupon of 3.125 percent per annum paid semi-annually until August 5, 2031, after which they reset to the five-year SORA-OIS rate plus 1.048 percent until maturity on August 5, 2036. TD may redeem the notes in whole on the reset date with regulatory approval. Net proceeds will be used for general corporate purposes, including potential redemption of outstanding capital securities or repayment of other liabilities, and the notes are expected to count as Tier 2 capital. DBS Bank Ltd., OCBC, and TD Securities are managing the issue.

A new TD survey reveals that while 89% of Canadians feel confident they can spot fraud, more than half admit to behaviours that could increase their vulnerability. The survey found that 52% of respondents engage in risky habits such as using public Wi-Fi for financial accounts, opening email attachments from unknown senders, or clicking links before verifying the source. Additionally, 41% say they never consult resources or educate themselves on fraud prevention, and 46% encounter scams or fraud attempts weekly or even daily. Among business owners, 46% reported their business was the victim of a financial fraud attempt in the past year, though 88% feel confident spotting fraud targeting their business. Gen Z respondents were the most likely to admit to risky behaviours at 65%, despite 67% consulting fraud prevention resources at least once a year.

GameStop disclosed it owns 43.4 million eBay shares, representing a 9.8% stake in the e-commerce company, a significant increase from the roughly 5% economic stake it held in early May when CEO Ryan Cohen offered to buy eBay for about $56 billion. The videogame retailer converted that exposure into common stock over recent weeks, buying 3.5 million shares for about $381 million last month and settling 39 million shares from put/call pairs on Friday. In an interview with Bloomberg Television, Cohen reiterated his intent, saying "we're coming for eBay one way or another," but declined to say whether he would raise his offer. eBay's board rejected the cash-and-stock bid as neither credible nor attractive, and financing remains a key question, relying on a non-binding commitment letter from TD Securities for up to $20 billion in debt contingent on an investment-grade rating.

A new TD survey reveals that only 32 percent of Canadians would rather trust artificial intelligence over their parents for financial advice. The 2026 TD AI Insights Report, based on a poll of 2,501 Canadian adults, shows that while over half are comfortable with AI for routine tasks like tracking spending or checking balances, 71 percent still place greater confidence in human intelligence overall. For major decisions such as financial planning or retirement, a majority prefer human support, and concerns about inaccurate information, privacy risks, and lack of accountability remain key barriers to trust. Canadians say data protection, error accountability, and meaningful human oversight would increase their comfort with AI in banking.