The Globe and Mail reports in its Friday edition that Toronto-Dominion Bank's racial equity audit broke new ground for Canada's capital markets this week. The Globe's Rita Trichur writes that TD is the first chartered bank and likely the first public company in this country to agree to an independent assessment of its diversity and inclusion policies. TD's report provides a blueprint of sorts for other corporations. TD is setting an example for other public companies that also made commitments to dismantle systemic discrimination after the police murder of George Floyd in Minneapolis in 2020. Even so, TD's racial equity audit should be regarded as a first effort because of its narrow focus on employment policies and practices. Systemic discrimination, of course, does not just stall the career advancement of marginalized individuals. It also results in broader economic exclusion. That is why TD should be swayed by investor feedback and finish the job it started by repeating this audit at regular intervals, while also broadening the scope to include its products, services and business practices. Mr. Trichur believes that TD now recognizes the specific barriers facing black and indigenous peoples in its work force.