The Globe and Mail reports in its Friday edition that Canada's banks have been restructuring their businesses to reduce costs and making their operations more efficient through technology and artificial intelligence. The Globe's Stefanie Marotta writes that TD reported Thursday that during the first quarter, it posted 14.2-per-cent return on equity (ROE), up from 12.8 per cent in the previous quarter and higher than the bank's target of 13 per cent in 2026. CIBC booked a boost in profitability at 17.4 per cent, up from 15 per cent in the previous quarter. In December, CIBC set a target of 15-per-cent ROE for this year. CIBC chief financial officer Robert Sedran said the bank has been improving its ROE over time, and that while 17 per cent or more has not necessarily become the new target, the bank expects to continue improving its profitability. "We have a strong result in capital markets and strong results in all our business units this quarter, so that very strong start to the year pushed the ROE higher," Mr. Sedran told The Globe. "We've got the right technology, we've made the right investments, and we have the right people to continue to execute and control what we can control to move that ROE higher over time."