TD Securities is far from being the biggest investment bank in Canada, but its performance in the awards period saw it post impressive gains in both its investment banking and markets businesses. After many years, it dislodges its bigger rival RBC Capital Markets to win Euromoney’s award for Canada’s best investment bank.

Another year, another record. TD Bank clocked up its eighth year of record earnings in fiscal 2017 and has already posted a 20% increase in pre-tax profits for the first half of fiscal 2018, indicating that it is on track for yet another triumph as it continues to build across its whole franchise. It is once again Euromoney’s pick for Canada’s best bank.

A seventh year of record earnings in the fiscal period 2016 – and a first half of 2017 that promises another blockbuster year – saw TD Bank prove yet again that it is the franchise to beat in Canada. The firm’s unrivalled breadth and depth secure it Euromoney’s best bank in Canada award for another year.

A seventh year of record earnings in the fiscal period 2016 – and a first half of 2017 that promises another blockbuster year – saw TD Bank prove yet again that it is the franchise to beat in Canada. The firm’s unrivalled breadth and depth secure it Euromoney’s best bank in Canada award for another year. CEO Bharat Masrani, who only assumed the top job in 2015, was characteristically understated in his assessment of the bank’s most recent two quarterly results, declaring himself “pleased” with the firm’s 14% year-on-year rise in earnings in the first quarter and noting that “all of our business segments performed well” in the second quarter – which saw an even more remarkable 22% rise.

Amid a dynamic and evolving investment banking environment, in which the largest players are struggling, some more nimble operators are bucking the trend and achieving returns on equity comparable to before the financial crisis.