Canada's TD Bank lowers earnings target in home market

By Matt Scuffham TORONTO (Reuters) - Toronto-Dominion Bank on Thursday reported fourth-quarter profit in line with market expectations and lowered its earnings growth target in Canada, blaming sluggish economic growth in its domestic market. Chief Executive Bharat Masrani said the bank had pegged back its earnings target in Canada in the expectation that the country's economic output will remain modest in 2017 and 2018. "We think it is prudent to moderate our medium term growth expectation for t