Bank is First Mover in Canadian E-Commerce
D. Geller - December 22, 1999

Event Summary

TD Bank (Toronto-Dominion Bank) of Canada (NYSE: TD) is creating a Canadian marketplace to bring E-purchasing and other services to Canadian companies. The bank is partnering with Commerce One (NASDAQ: CMRC) to create the marketplace and will make Commerce One's other networks available to its customers. (See TEC News Analysis articles: "Commerce One to Procure for the Antipodes...and Elsewhere" and "Commerce One Goes High, Wide and PeopleSoft"). The new marketplace will serve customers of all sizes, and after its initial offering of straight purchasing, will extend to these customers additional services such as dynamic trading, purchase cards and third-party services in information technology and logistics...