Question

Describe the business sector or industry in which each of the two companies operates (Suncor energy and Toronto-dominion bank). Focus on information that helps you understand whether the industry is healthy or struggling. Try to find news stories about these industries in the media and other sources, including searching the Internet—good sources include The Globe and Mail and Financial Post. You can also access company news stories at the Globe Investor website by typing the name or trading symbol of a company into the Search box and scrolling to the Latest section. These news stories may be specifically about your company or about the industry and the company’s competitors.

Answer 1

Suncor:

It is an integrated energy company focused on developing the Athabasca oil sands basin. The Company extracts and upgrades oil sands into refinery feedstock and diesel fuel, explores for, develops and produces natural gas, refines crude oil and markets a range of petroleum and petrochemical products, and operates crude oil pipelines and retail petroleum stations.

Toronto-dominion bank:

It conducts a general banking business through banking branches and offices located throughout Canada and overseas. The Bank and other subsidiaries offer a broad range of banking, advisory services, and discount brokerage to individuals, businesses, financial institutions, governments, and multinational corporations.