To a certain extent they do, yes. But is it enough to be the anchor tenant of a tower like this?
So much of TD is already in the TD Centre, plus the TD Canada Trust tower across the street. If they are looking to move out of the TD Centre then that would be a different story.
If EY is totally decamping from 222 Bay for the new EY Tower once it's completed then that would open up a big chunk of space in the only TD Centre tower that does not bear the TD name.
77 Bloor W and 110 Yonge St are the only non-TD Centre/TD Canada Trust tower addresses I can think of where TD has an actual presence downtown.
They've got a few floors of insurance at Yonge & Eglinton, a small footprint at 33 Bloor East, and some other small stuff uptown near NYCC.
Other than that it's Markham, Mississauga, The East Mall, Scarborough data operations, Burlington etc.
TD isn't nearly as widespread throughout downtown as say CIBC or RBC is, but consolidating far flung operations like Markham (which is huge) would be awesome.
-former employee here (When I worked at 77 Bloor there were often rumblings about us moving somewhere)