Total revenue was C$5.66bn for the fourth quarter of 2011, compared to C$5.01bn for the same period a year ago.

Canadian personal and commercial banking posted earnings of C$905m for the fourth quarter of 2011, up 17%, compared to the same period in the last year.

TD Group president and CEO Ed Clark said that this was a record quarter, with all of their businesses delivering double-digit earnings growth – a truly excellent finish to the year for TD. Their North American retail businesses once again showed why we’re well positioned to grow regardless of the macroeconomic environment.

"TD’s record full-year adjusted earnings broke the $6 billion mark for the first time, validating our strategy of focusing on steady, reliable retail earnings, which helped us outperform despite the weak and volatile economic picture," added Clark.