16:42:47 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,848,879,360
Close 2017-09-18 C$ 67.49
Market Cap C$ 124,780,868,006
Recent Sedar Documents

FP/CP say TD, rivals exposed to debt "vulnerabilities"

2017-09-19 08:01 ET - In the News

Also In the News (C-BMO) Bank of Montreal
Also In the News (C-BNS) Bank of Nova Scotia
Also In the News (C-CM) Canadian Imperial Bank of Commerce
Also In the News (C-NA) National Bank of Canada
Also In the News (C-RY) Royal Bank of Canada

The Financial Post reports in its Tuesday, Sept. 18, edition that a new international banking report groups Canada with China and the special administrative region of Hong Kong as jurisdictions whose domestic banking systems are at risk from rising debt levels. A Canadian Press dispatch to The Globe reports that the Bank For International Settlements, which is owned by the world's central banks, says there are early warning indicators in credit-to-gross-domestic-product ratios which signal "vulnerabilities" in the three systems. For Canada and Hong Kong, the stresses to the system are linked to property price gaps above critical thresholds, a measure often linked to overheated housing markets. The bank's second quarter report says Canada's credit-to-GDP gap stands at 11 per cent above its long-term trend, while Hong Kong is 35 per cent higher and China is up 22 per cent. The gap in the United States fell by 7.6 per cent.

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