The Globe and Mail reports in its Wednesday edition that following its money-laundering settlement with U.S. authorities, TD Bank is selling its Charles Schwab interest and directing most of that $20-billion to expanding its operations in Canada. The Globe's Stefanie Marotta writes, however, that TD already has a dominant position in the Canadian market. It is the second-largest bank in the country and provides financial services to one in every three Canadians. The market is saturated by the country's six largest lenders, and convincing customers to transfer their financial portfolios and start fresh with a new bank is a tall order. Competing for business more aggressively could require providing customers with lower-cost products, which would squeeze profit margins. New chief executive officer Raymond Chun said the bank's large scale in Canada will help it expand its business without competing on pricing or taking on customers outside its risk appetite. "It does come down to execution and investing in certain capabilities that we'll need to drive that execution in deepening those relationships," Mr. Chun said in response to an analyst's question on a call Tuesday. "We'll be always mindful of profitability."