Constrained at home, the large Canadian banks have turned to international expansion, especially in various American capital markets, both banking and investment banking. I have written about Toronto Dominion Bank and its U.S. subsidiary, TD Bank, in my October 6, 2020 Blog " Commerce, Culture, and Compliance ," in which I discuss the Consumer Finance Protection Board's enforcement action against TD Bank for imposing inappropriate fees, resulting in a $25 million civil penalty and the establishment of a $97 million repayment fund.