The Canadian Press

TD Bank says its Canadian loan portfolio, particularly personal lending, is expected to remain troubled until the economy launches a sustained turnaround.

Tim Hockey, chief executive of the bank’s Canadian operations, told a conference Monday that personal lines of credit and credit cards will be vulnerable for now.

That outlook held steady with the bank’s previous comments in August.

Hockey also says the bank has seen nominal losses in its real estate secured lending portfolio.

Meanwhile, commercial lending has shown some signs of deterioration, though Hockey noted that trouble in that division tends to lag a rebound in the economy.