Canada's GDP rebound leans on trade and defence, not consumers [Wealth Professional (Canada)]
Toronto Dominion Bank (The) (TD)
Last toronto dominion bank (the) earnings: 2/27 06:30 am
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Source: Wealth Professional
Canada just posted a stronger-than-expected growth rebound – but it's being held up by trade swings and defence spending, not healthy domestic demand. Real GDP grew 0.6 percent in the third quarter of 2025, or 2.6 percent annualized, after contracting 0.5 percent in the second quarter, according to Statistics Canada. Per capita GDP rose 0.5 percent after a 0.5 percent drop the previous quarter. StatCan said the gain “was driven by a strengthening trade balance , as imports dropped and exports edged up,” with imports down 2.2 percent and exports up 0.2 percent. A 6.7 percent jump in crude oil and crude bitumen exports and a surge in government capital investment – including an 82 percent spike in weapon systems spending and more investment in hospitals – did much of the heavy lifting, while household spending and business investment weakened. Household final consumption fell 0.1 percent, led by a 2.3 percent drop in passenger vehicle purchases, and business capital investmen
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TD
Earnings
- 12/4/25 - Beat
TD
Sec Filings
- 12/5/25 - Form FWP
- 12/5/25 - Form 424B2
- 12/5/25 - Form 424B2
- TD's page on the SEC website