20:28:58 EDT Thu 28 Mar 2024
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Toronto-Dominion Bank
Symbol TD
Shares Issued 1,830,059,644
Close 2023-03-22 C$ 78.09
Market Cap C$ 142,909,357,600
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FP/CP say CIBC, rivals see BOC deliberation summary

2023-03-23 09:44 ET - In the News

See In the News (C-CM) Canadian Imperial Bank of Commerce (CIBC)

The Financial Post reports in its Thursday, March 23, edition that the Bank of Canada did not discuss raising interest rates earlier this month in its deliberations, but members were still concerned inflation might be harder to bring down than expected. A Canadian Press dispatch to the Post reports that on Wednesday, the BOC published a summary on the governing council's deliberations ahead of its decision to hold its key interest rate steady on March 8. The members of the governing council were encouraged to see the economy and inflation both slowing, supporting their decision to hold the key interest rate steady at 4.5 per cent. The summary made no mention of members discussing whether they should raise the key interest rate on March 8. However, the governing council remained concerned about the risk of inflation getting stuck above 2 per cent and agreed that demand was still outstripping supply in the economy. In the fourth quarter, the Canadian economy posted no growth as the accumulation of business inventories slowed. "With inventories adjusting earlier than anticipated, governing council concluded that growth in early 2023 may be a bit stronger than the bank had forecast," the summary said.

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