02:57:33 EDT Tue 01 Jul 2025
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,720,475,111
Close 2025-06-27 C$ 99.45
Market Cap C$ 171,101,249,789
Recent Sedar Documents

Globe says TD, rivals hear Canada losing its resiliency

2025-06-30 06:57 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 (CIBC)
Also In the News (C-NA) National Bank of Canada
Also In the News (C-RY) Royal Bank of Canada

The Globe and Mail reports in its Saturday edition that in April, Canada's manufacturing sector experienced its largest decline in four years, contracting by 1.9 per cent, while the broader economy is on track for a second quarter contraction due to U.S. tariffs affecting export-driven industries. The Globe's Nojoud Al Mallees writes that Statistics Canada reported a 0.1-per-cent drop in real GDP for the month, with a preliminary estimate for May indicating another 0.1-per-cent decline. Weak data reinforces economists' predictions of a slowdown due to the U.S. trade war, increasing pressure on the Bank of Canada for interest-rate cuts. The trade dispute intensified when President Donald Trump halted talks over Canada's impending digital services tax on major American tech companies. CIBC economist Andrew Grantham says, "The resilience that the Canadian economy was previously showing in the face of U.S. tariffs and related uncertainty appears to be fading." Tariffs have heavily impacted the manufacturing sector, especially targeting Canada's auto industry, aluminum and steel. Economists now anticipate a modest contraction in the second quarter, aligning with the BOC's scenarios from its April monetary policy report.

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