Annual Report As an employee with the Toronto Dominion Bank I must decide whether or not I would arrange loans to my clients. Some of my clients range from medium to large corporations. Canadian Tire, which is one of my largest client and one of the largest corporations in Canada, has recently approached me on arranging both long-term and short-term financing. Canadian Tire has also provided me with their 2000 Annual Report to support their loan …showed first 75 words of 880 total…

…showed last 75 words of 880 total…position to pay their annual expenses. Canadian Tire short-term interest rate in 1999 was 8.2 per cent and now in 2000 the interest rate has completely gone to 0 per cent. While their long-term interest rate of 42.9 per cent in 2000 had a bit of improvement they still need to borrow less long-term debts. Since the profitability returns are 2.84% to 10.14% the company is using their leverage wisely given that the short-term interest rate is lower than the profitability returns percentages.