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Clint Davis, President and CEO of the Canadian Council for Aboriginal Business, highlights the increasing importance of Aboriginal communities to the Canadian economy at a reception hosted by TD Bank Financial Group

by NationTalk on December 3, 20094138 Views

 

 

 

TORONTO, December 3, 2009 – At a reception hosted by TD Bank Financial Group, Clint Davis, President and CEO of the Canadian Council for Aboriginal Business, highlighted key factors that mark a turning point in the role of Aboriginal Peoples to the Canadian economy.“One of the most significant factors is a shrinking labour pool, resulting from changing demographics,” said Davis. “The Aboriginal population is one of the few areas still seeing solid growth — increasing by 45% between 1996 and 2006, compared with 8% for the non-Aboriginal population. Because of this, recruiting Aboriginal employees will become increasingly more important for businesses to succeed in Canada.

Other key factors mentioned by Davis include the settlement of land claims; the duty of government to consult and accommodate Aboriginal communities; the ongoing success of Aboriginal entrepreneurs; and the increased importance placed on corporate social responsibility.

Davis also remarked on TD’s role in supporting the Aboriginal community by helping to establish First Nations Bank of Canada and heightening public awareness with the release of a TD Economics paper on the role of Aboriginal Peoples in Canada’s economy.

“While we’ve done a lot of research in recent years to help us understand Canada’s Aboriginal People, we know we still have a lot more to learn,” said Monique Bateman, chair of TD’s Aboriginal Employee committee and Senior Vice President Human Resources. “Creating opportunities through events like this reception, which bring together Aboriginal employees, businesses and community groups, is a key way we’ll continue to learn and become better able to support and work with Aboriginal communities.”

The reception was held on the 54th floor of the TD Bank Tower and attended by about 100 TD employees, customers and community partners from across Canada.

About TD Bank Financial Group

The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group is the sixth largest bank in North America by branches and serves more than 18 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust and TD Insurance; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking, including TD Bank, America’s Most Convenient Bank; and Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks among the world’s leading online financial services firms, with more than 6 million online customers. TD Bank Financial Group had CDN$557 billion in assets on October 31, 2009. The Toronto-Dominion Bank trades under the symbol “TD” on the Toronto and New York Stock Exchanges.

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For more information:

Suzanna Cohen
Manager, Diversity Communications
TD Bank Financial Group
Phone: 416-983-7487
Email: suzanna.cohen@td.com

Sarah Lawley
Manager, Corporate Communications
TD Bank Financial Group
Phone: 416-983-1254
Email: sarah.lawley@td.com

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