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TD MarketSite Strategy on Time, Target

TD MarketSite, the business-to-business e-commerce arm of TD Bank Financial Group, this week advanced its strategy to offer global B2B services to companies across Canada.

TD MarketSite is a B2B portal designed as a trading resource for Canadian businesses. It aims to become Canada's first B2B trading portal with the capacity to seamlessly exchange with global MarketSite trading communities.

TD announced that it had met its commitment to activate live procurement on the site on March 31, and is on track to begin live trading between Canadian companies this summer.

"A recent report by Forrester Research estimates Canadian B2B e-commerce revenue at $218-billion -- 11 percent of all trade conducted by Canadian business -- by 2004," said Stephen J. Hucal, Marketsite president and chief executive officer.

"With our internal procurement process launched, we are one step closer to realizing a significant portion of that potential."

In Canada and globally, TD Bank Financial Group serves more than 11 million customers; and with over 2.2 million online accounts worldwide, it ranks among the top three financial services firms in the world in terms of customer accounts.