23:34:21 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,842,486,700
Close 2018-01-22 C$ 74.41
Market Cap C$ 137,099,435,347
Recent Sedar Documents

Globe/CP say TD sees unclear path moving forward

2018-01-22 07:45 ET - In the News

The Globe and Mail reports in its Saturday edition that Canadian manufacturing sales hit a record high in November, driven by sales of transportation equipment, petroleum and coal products, and the chemical industry, Statistics Canada said Friday. A Canadian Press dispatch to The Globe reports that the agency said manufacturing sales climbed 3.4 per cent to $55.5-billion. However, Toronto-Dominion Bank economist James Marple wrote that "with November's strength largely reflecting a reversal of earlier production interruptions, the path forward remains somewhat unclear." He said, "Healthy job gains, rising incomes, and a strong outlook south of the border all bode well for manufacturers, but NAFTA uncertainty continues to hang over the outlook." Talks to renegotiate the North American free-trade agreement are set to continue next week in Montreal. Mr. Marple wrote, "President Trump has continued to talk tough, threatening to pull out of the agreement." The Bank of Canada has noted that businesses are becoming increasingly concerned about the unknowns of the continuing NAFTA talks. However, the BOC still moved to raise its key interest rate target last week amid other signs of strength in the economy.

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