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To: Johnny Canuck who wrote (37486)	7/4/2002 12:10:46 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68187

TD Bank (TD : TSX : $34.69) Net Change: 0.33, % Change: 0.96%, Volume: 2,411,400 According to UBS Bunting Warburg, TD may need to add as much as $1 billion to loan-loss reserves in Q3 to cover bad loans to cable and telephone companies, wiping out profit. UBS expects the bank to set aside $850 million to write down bad loans to telecommunications companies. Scotia Capital says TD needs $500 million to $1 billion for the loans. The provision would be in addition to the $1.3 billion in reserves that TD has planned to set aside for the year, which ends Oct. 31. The bank said that as of April 30 it had lent about $4.9 billion to telecommunications companies.