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TORONTO — Toronto-Dominion Bank, Canada’s second-biggest lender by market value, on Thursday reported second-quarter earnings which were ahead of market expectations, benefiting from a strong performance at its domestic retail business.

The bank said earnings per share, excluding one-off items, totalled $1.62 in the quarter to March 31, compared with C$1.34 a year ago. Analysts had on average forecast earnings per share of $1.50, according to Thomson Reuters I/B/E/S data.

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