Toronto-Dominion Bank, which has a presence in Connecticut, increased profit by 29 percent in the third quarter on a record quarter by its Canadian retail banking operations.

The Toronto-based bank, which is North America’s sixth largest bank by branches, earned $1.18 billion Canadian (U.S. $1.12 billion), or $1.29 Canadian a share ($1.23), for the quarter ended July 31. That’s up from a year-earlier profit of $912 million Canadian (U.S. $868 million), or $1.01 Canadian (U.S. 96-cents) per share.

Canada’s second largest bank entered the U.S. market six years ago and bulked up its presence with the 2007 purchase of New Jersey-based Commerce Bancorp. TD CEO Ed Clark said the bank’s U.S. operations posted their highest level of profit since entering the market.

TD has more than 2,300 retail operations in both Canada and the U.S. (AP)