TD in the hunt for WaMu?

Toronto Dominion Bank is reported to be interested in adding Washington Mutual to its stable of US banks.

The loonie has been very strong in recent session as the dollar gave signficant ground in the wake of the Wall Street meltdown, aided by a big surge in commodity prices. M&A flows into the Us could put a dent into that Loonie rebound, but WaMu’s depressed share price suggests it is unlikely to have a lasting impact on the market.