Mr. Speaker, the record profits for the Toronto-Dominion Bank that were announced are fueled by an extraordinary gain by the sale of a subsidiary. That really accounts for half of the $3 billion profit.
I should say that the 5,000 jobs the member refers to are having to do with the Toronto-Dominion Bank's proposed acquisition of Canada Trust. That would be over a three year period. That proposal is right now being considered by the Competition Bureau and by the Office of the Superintendent of Financial Institutions, and that merger will not be approved without the Minister of Finance's approval, and job losses are a very important part of that equation.